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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.91 - Manufacture of knitted and crocheted fabrics
60 jobs Number of planned job losses
Announcement Date
16 June 2011
Employment effect (start)
Foreseen end date
Description
John Smedley, a Derbyshire knitwear firm is planning to shed 60 jobs due to tough trading conditions in the UK and abroad. The firm exports 70% of its products to 28 countries and said that its exports had been hit by the slump in the global economy. In particular, its performance in Japan had been hit by the economic impact of the tsunami and earthquake. Japan accounts for 10% of John Smedley's exports. A 30-day consultation is now under way.
The company hopes that most of the cuts will be implemented through voluntary redundancies.
Sources
21 June 2011: This Is Business - East Midlands
Citation
Eurofound (2011), John Smedley, Internal restructuring in United Kingdom, factsheet number 72096, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72096.
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