Morgan Advanced Materials

Type
Internal restructuring
Country
United Kingdom
Region
Wales; Mid and South West Wales; Swansea
Location of affected unit(s)
Swansea
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.9 - Manufacture of other electrical equipment
27.90 - Manufacture of other electrical equipment
100 - 120 jobs
Number of planned job losses
Job loss
Announcement Date
21 May 2014
Employment effect (start)
Foreseen end date

Description

Morgan Advanced Materials has announced that it is to halve its workforce at its site in Swansea, South Wales. The company which makes electrical components currently employs 220 people at the site. Plans are in place to cut the numbers employed by between 100 and 120. The job cuts will be carried out over an eighteen month period. The company owns numerous plants around the world and has decided to restructure the electrical materials part of the business.

The company has begun the process of consulting employee representatives, and has stated that it will aim to avoid compulsory redundancies.

Sources

  • 21 May 2014: BBC Website

Citation

Eurofound (2014), Morgan Advanced Materials, Internal restructuring in United Kingdom, factsheet number 77100, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77100.