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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.20 - Manufacture of refined petroleum products
180 jobs Number of planned job losses
Announcement Date
12 February 2015
Employment effect (start)
Foreseen end date
Description
French oil company, Total, has announced plans to cut jobs at its facility in Lindsey, Lincolnshire. 180 of the 580 jobs on the site are due to be cut and production is set to be halved. This follows the company announcing a £4.2 billion loss in the fourth quarter of 2014. The timetable for the job losses has not been announced. The Lindsey site is the third largest refinery in the UK and one of the most advanced in Europe.
Sources
12 February 2015: The Independent
Citation
Eurofound (2015), Total, Internal restructuring in United Kingdom, factsheet number 78589, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78589.
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