ConvaTec

Type
Internal restructuring
Country
United Kingdom
Region
Wales; North Wales; Flintshire and Wrexham
Location of affected unit(s)
Deeside
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
100 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2010
Employment effect (start)
Foreseen end date

Description

Pharmaceuticals firm ConvaTec announced plans to cut 100 jobs at Deeside. The announcement came after a review of manufacturing across its 14 factories worldwide.The company has been involved in consultations with employees and expects that most, if not all, of the redundancies will be achieved through voluntary means. 18 months ago the firm was bought by New York-based private equity firm Avista and the Stockholm-based Nordic Capital Fund.

Sources

  • 20 January 2010: BBC News

Citation

Eurofound (2010), ConvaTec, Internal restructuring in United Kingdom, factsheet number 70087, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70087.