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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.29 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
168 jobs Number of planned job losses
Announcement Date
27 January 2014
Employment effect (start)
Foreseen end date
Description
Timber frame specialist Prestoplan is set to close with the loss of up to 168 jobs.
The firm did not comment on the reasons for the closure, but it is known that it had suffered from low demand in the timber construction sector. Recently, the company already had to restructure its business and to close its plant at Gloucestershire.
Staff consultations are underway with employees and their representatives.
Sources
27 January 2014: Construction Enquirer
Citation
Eurofound (2014), Prestoplan, Closure in United Kingdom, factsheet number 76510, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76510.
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