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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
150 jobs Number of planned job losses
Announcement Date
10 March 2010
Employment effect (start)
1 July 2010
Foreseen end date
Description
Car manufacturer Toyota has announced plans to cut 150 jobs from its factory in Deeside, Wales. The cuts were blamed on the 'severe economic climate' and will be implemented through voluntary means. Deputy managing director Tony Walker stated: "We had a crisis a year ago, we were able to take temporary measures but now it seems we have to be able to be efficient at lower volumes". The redundancies will begin in the summer of 2010.
Sources
10 March 2010: BBC News ()
Citation
Eurofound (2010), Toyota, Internal restructuring in United Kingdom, factsheet number 70293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70293.
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