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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
200 jobs Number of planned job losses
Announcement Date
1 December 2006
Employment effect (start)
Foreseen end date
25 December 2006
Description
More than 200 jobs are under threat at a Lincolnshire factory after the collapse of a buy-out deal, it is claimed. Lincoln Castings makes tools and equipment for the automotive, engineering and defence industries.
Amicus representative Steve Syson said the future looked bleak for Lincoln Castings at North Hykeham which has been in administration since September. The firm announced on 18 December 2006 that all staff would be out of work by Christmas.
Formerly known as George Fischer (Lincoln) Limited, the firm was sold to privately-held British company, Meade Corporation Ltd, in 2004.
Sources
1 December 2006: BBC Website
Citation
Eurofound (2006), Lincoln Castings, Closure in United Kingdom, factsheet number 64532, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64532.
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