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.
West Midlands; West Midlands; Walsall and Wolverhampton
Location of affected unit(s)
Featherstone
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.73 - Manufacture of tools
New offshoring locations
Not available
143 jobs Number of planned job losses
Announcement Date
24 April 2014
Employment effect (start)
Foreseen end date
31 December 2014
Description
Featherstone-based engineering plant, Sandvik Machining Solutions has announced it is to close. The closure of the plant will result in the loss of 143 jobs. Production will be moved out of the UK to as yet unspecified sites. Lack of growth in the company's primary markets in the UK has been cited as the reason for the move. The company specialises in the manufacture of metal-cutting tools for engineering, aerospace and car firms.
The company has begun discussions with the Unite trade union, which represents many of its workers. It is expected that the Featherstone plant will close at the end of the year.
Sources
24 April 2014: BBC Website
Citation
Eurofound (2014), Sandvik Machining Solutions, Offshoring/Delocalisation in United Kingdom, factsheet number 76990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76990.
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