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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.1 - Building of ships and boats
234 jobs Number of planned job losses
Announcement Date
16 May 2013
Employment effect (start)
Foreseen end date
Description
Yacht building company Sealine announced the closure of its plant in Kidderminster with the loss of 234 jobs. The administrator appointed by the company has announced that it will be unable to pay redundancy pay to the affected individuals but will assist them in claiming against the government redundancy fund. Following the job losses, Community trade union and local MP Mark Garrnier arranged a job fair to support workers in finding alternative jobs with other employers.
Sources
16 May 2013: Express and Star
Citation
Eurofound (2013), Sealine, Bankruptcy in United Kingdom, factsheet number 75683, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75683.
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