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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Cheltenham
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
105 jobs Number of planned job losses
Announcement Date
21 October 2014
Employment effect (start)
1 January 2015
Foreseen end date
Description
Gloucestershire-based packaging company Vibixa has announced that it is to close its factory in Cheltenham. The closure will result in the loss of 105 jobs. No information is available regarding the reasons for the decision. No definitive information is available for when the closure will take effect, but it is reported that there will be a 'managed rundown of production' and the factory will finally close early in 2015.
The firm manufactures cardboard packaging for a range of food brands, including Weetabix.
Sources
21 October 2014: BBC Website
Citation
Eurofound (2014), Vibixa, Closure in United Kingdom, factsheet number 77756, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77756.
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