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.
328 jobs Number of planned job losses
Announcement Date
24 December 2008
Employment effect (start)
9 October 2008
Foreseen end date
24 December 2008
Description
CommaTech Ltd, a company that operates in the engineering sector, has announced that parts of its organisation have gone into administration. As a result of this, 328 of the company’s 450 employees have been made redundant. CommaTech Gears Ltd, in Atherstone, Warwickshire, which supplies the aerospace industry, has made 90 staff redundant out of 133. 88 people have also been made redundant at PRM Newage Ltd, in Alderman Green, Coventry, which manufactures power transmission tools. Other parts of the organisation, including CommaTech (Braye) Ltd, TP Atherstone Ltd, CommaTech (Hertford) Ltd and CommaTech (Leicester) Ltd, have also been placed into administration. The company announced that 70 jobs will be lost at the Hertford site and 80 jobs at the Leicester site as a result of the adiministrators' failure to find new investors for the business.
Sources
24 December 2008: BBC News
9 October 2008: BBC News
Citation
Eurofound (2008), CommaTech, Internal restructuring in United Kingdom, factsheet number 67213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67213.
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