Type
Merger/Acquisition
Country
United Kingdom
Region
Scotland;
Location of affected unit(s)
Glasgow
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Other Manufacturing
32.99 - Other manufacturing n.e.c.

160 jobs
Number of planned job losses
Job loss
Announcement Date
18 June 2013
Employment effect (start)
Foreseen end date

Description

Engineering firm ClydeUnion Pumps will cut 160 jobs from its plant in Glasgow. The announced redundancies are part of the restructuring following the acquisition of the company by the American group SPX in 2011. The aim of the restructuring is to identify synergies between the two companies and improve business efficiency.

The company has entered a consultation process with trade unions and employee representatives. Last year, 90 jobs were cut from the engineer firm as part of a restructuring measure.


Sources

  • 18 June 2013: BBC News

Citation

Eurofound (2013), ClydeUnion Pumps, Merger/Acquisition in United Kingdom, factsheet number 75540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75540.