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.
Wales; West Wales and The Valleys; South West Wales
Location of affected unit(s)
Llanelli
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
270 jobs Number of planned job losses
Announcement Date
8 June 2006
Employment effect (start)
Foreseen end date
Description
U.S. based car gear box manufacturer Dura Automotive is to close its plant in Llanelli, South Wales with the loss of 270 jobs. The firm, that employs 16,000 workers worldwide, said it had notified the Amicus union it proposed shutting the plant by the end of the year, and blamed the 'very competitive environment' in the motor industry. Welsh Assembly Government Enterprise minister Andrew Davies said he was seeking 'an urgent meeting with the company to discuss this very disappointing decision'. Amicus regional secretary Carl Lucas said it was a 'severe blow' to Llanelli and 'another nail in the coffin of Welsh manufacturing.' He urged the assembly government to intervene saying it was the fourth closure he had dealt with in as many weeks.
The parent company, based in Michigan, launched a major restructuring drive back in February, with plans to close between five and 10 plants worldwide. Dura chairman Larry Denton said: 'These decisions are never easy and we recognize the potential impact on our employees and the community.'
Sources
8 June 2006: BBC News
Citation
Eurofound (2006), Dura Automotive, Closure in United Kingdom, factsheet number 63605, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63605.
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