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.
East Midlands; Leicestershire; Rutland and Northamptonshire
Location of affected unit(s)
Far Cotton, Northampton
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.2 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
300 jobs Number of planned job losses
Announcement Date
7 February 2007
Employment effect (start)
22 January 2007
Foreseen end date
16 February 2007
Description
A engineering firm in Northampton which employed more than 300 people is due to close at the end of the week. Widney Cabs Ltd, in Far Cotton, went into administration on 22 January with the immediate loss of 84 jobs. A further 100 went on 2 February.
On Wednesday, the administrators Baker Tilly said the business, which had a 32 million GBP turnover in 2006, was likely to close for good this week. The company makes cabs for construction and agricultural vehicles.
Bob Scott, of the Amicus union, representing workers at the site, said there will be 300 jobs lost in total.
Hundreds of jobs were lost in 2003 and 2004 when the company, then called Airflow Streamlines - which employed 600 staff, went into administration before it was bought by Widney.
Sources
7 February 2007: BBC Website
Citation
Eurofound (2007), Widney Cabs Ltd, Closure in United Kingdom, factsheet number 64906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64906.
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