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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
115 jobs Number of planned job losses
Announcement Date
29 April 2009
Employment effect (start)
Foreseen end date
Description
Chemical manufacturing company Croda International is to close its Bromborough factory in Merseyside, resulting in 115 job losses, having failed to find a buyer for the site. The factory is part of company's industrial specialties division, which has seen sales fall by 20 percent in the first quarter. Croda blamed the global recession for the decline in demand for its products. Merseyside's Trades Union Congress (TUC) expressed concern over how companies made economies by closing branches; the president of Merseyside TUC, Alex McFadden, said "The Bromborough factory could be chopped because to them its just a small part of a massive empire." No details were given on the date by which job losses are expected to be completed.
Sources
29 April 2009: The Financial Times
29 April 2009: BBC Website
Citation
Eurofound (2009), Croda International, Closure in United Kingdom, factsheet number 68849, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68849.
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