The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
164 jobs Number of planned job losses
Announcement Date
14 February 2006
Employment effect (start)
Foreseen end date
Description
J.L. French has gone into administration placing nearly 170 car components jobs in jeopardy. The company, which makes parts for the motor industry in the Powys town of Presteigne, made the decision after its US parent company announced plans to restructure its business. Administrators BDO Stoy Hayward said 164 staff were employed at the die-cast aluminium plant. It added that nine had been made redundant before it was called in. Brecon and Radnorshire AM Kirsty Williams said the jobs had to be saved because 'alternative employment will not be easily found'. Situated in south-east Powys, Presteigne has a population of just 2,500.
Sources
14 February 2006: BBC News
Citation
Eurofound (2006), J. L. French, Internal restructuring in United Kingdom, factsheet number 62930, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62930.
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