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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
160 jobs Number of planned job losses
Announcement Date
2 October 2014
Employment effect (start)
Foreseen end date
Description
Cambridgeshire based manufacturer Xaar has announced that it is to reduce its workforce by up to 160. The company manufactures digital inkjet printheads; one of their main applications is in the ceramics industry. The announced job losses comes after a fall in demand for its products, particularly in China, and follows profit warnings issued earlier in 2014.
The company has a UK workforce of 800, 700 of whom are based in the factory in Huntingdon. 120 jobs are expected to be lost from the Huntingdon site. The timeframe for the job losses is not yet known.
Sources
2 October 2014: The Guardian
Citation
Eurofound (2014), Xaar, Internal restructuring in United Kingdom, factsheet number 77713, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77713.
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