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; South East Wales; Monmouthshire and Newport
Location of affected unit(s)
Cwbran
Sector
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
56 jobs Number of planned job losses
Announcement Date
24 February 2009
Employment effect (start)
24 February 2009
Foreseen end date
31 March 2009
Description
Arvin Meritor, a manufacturer of car parts, is to cut over 15% of its staff. The company, which is based in Cwmbran, Torfaen, in South East Wales, is to cut 56 jobs from its workforce of 330 people as it faces reduced demand. The job cuts will be made during March 2009.
Sources
24 February 2009: BBC News ()
Citation
Eurofound (2009), Arvin Meritor, Internal restructuring in United Kingdom, factsheet number 68393, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68393.