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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
160 jobs Number of planned job losses
Announcement Date
8 March 2006
Employment effect (start)
Foreseen end date
Description
A Swindon company which produces DVDs and CDs has gone into administration with the loss of 160 jobs.
Thamesdown SDC Ltd, based in Blagrove was not able to survive the current dip in consumer spending and over-capacity in the industry.
Andrew Sheridan of Baker Tilly Bristol, said: "Sadly, negotiations for the sale of the business and assets broke down.
"We were left with no alternative but to close Thamesdown SDC Ltd following our appointment as Administrators."
Mr Sheridan stressed that the Baker Tilly team was working hard to try to find a buyer for the assets.
"It is very regrettable that redundancies had to be made. We are making every effort to assist and support them through this difficult period of change," he said.
Sources
Citation
Eurofound (2006), Thamesdown SDC Ltd, Closure in United Kingdom, factsheet number 63152, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63152.
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