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.
Desford, Leicestershire and Stoneleigh, Warwickshire
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.3 - Manufacture of agricultural and forestry machinery
100 jobs Number of planned job losses
Announcement Date
20 November 2014
Employment effect (start)
20 November 2014
Foreseen end date
30 November 2014
Description
Manufacturer of agricultural machinery AGCO has announced that it is to cut up to 100 jobs from its sites in Warwickshire and Leicestershire. AGCO, which owns Massey Ferguson has said that the job cuts are a reponse to slowdown in the global markets for farm machinery. Currently 500 people are employed at the two sites; it is understood that there will be some restructuring of the two sites when the job cuts take effect. The company has confirmed that the jobs will be lost by the end of November.
Sources
20 November 2014: BBC Website
Citation
Eurofound (2014), AGCO, Internal restructuring in United Kingdom, factsheet number 77926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77926.
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