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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.12 - Other printing
113 jobs Number of planned job losses
Announcement Date
1 September 2014
Employment effect (start)
29 August 2014
Foreseen end date
Description
Welsh based printing company MWL Print has closed with the loss of over 100 jobs. The company which was based on the Pontyfelin Industrial Estate in Pontypool closed on Friday 29 August 2014. All 113 employees have lost their jobs. The company has been in business since 1973 and printed a range of products including prospectuses for universities, billboards and exhibition stands. Signs that the company was facing increased competition came last year when pre-tax profits fell by £295,000.
The source reports that there had been some speculation that the company would be subject to a management buy-out, but this has not come to fruition.
Sources
1 September 2014: BBC Website
Citation
Eurofound (2014), MWL Print, Closure in United Kingdom, factsheet number 77518, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77518.
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