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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
319 jobs Number of planned job losses
Announcement Date
14 December 2010
Employment effect (start)
Foreseen end date
30 April 2011
Description
Novelis, a foil and packaging firm, announced up to 319 job losses due to the closure of its aluminium foil production at its Bridgnorth site by the end of April 2011. The closure is blamed on the over capacity in the European foil market. The announcement came at the end of the company's 90-day consultation with employees at the site. Novelis said the closure, which included moving business into its other European plants, aimed to improve the firm's competitiveness.
Sources
14 December 2010: BBC
Citation
Eurofound (2010), Novelis, Closure in United Kingdom, factsheet number 71333, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71333.
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