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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
157 jobs Number of planned job losses
Announcement Date
7 July 2008
Employment effect (start)
1 June 2008
Foreseen end date
30 December 2008
Description
Car parts manufacturer AB Automotive has said that it is ceasing production at its Cardiff plant with the loss of 157 jobs by the end of 2008. The company announced that the factory was no longer viable as a result of more foreign competition, and that the financial results of the operation in Cardiff had deteriorated over the past two years. The companies directors announced that despite the many efforts of the management of the company it was unable to make production in Cardiff viable.
Sources
7 July 2008: BBC Website
Citation
Eurofound (2008), AB Automotive, Closure in United Kingdom, factsheet number 66829, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66829.
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