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.
East Midlands; Leicestershire; Rutland and Northamptonshire
Location of affected unit(s)
Loughborough
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
1,200 jobs Number of planned job losses
Announcement Date
2 March 2010
Employment effect (start)
Foreseen end date
31 December 2011
Description
Pharmaceuticals company AstraZeneca announced plans to close its Loughborough site with the loss of 1,200 jobs. The site is expected to close by the end of 2011. The cuts are part of 8,000 worldwide redundancies announced by the company in January 2010. Unite union said "unions will be in formal discussions with the company and will do everything possible to minimise the impact of this announcement."
Sources
2 March 2010: BBC News ()
Citation
Eurofound (2010), AstraZeneca, Closure in United Kingdom, factsheet number 70272, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70272.
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