Hargreaves

Type
Internal restructuring
Country
United Kingdom
Region
North East; Tees Valley and Durham; Durham CC
Location of affected unit(s)
Durham County
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite
150 jobs
Number of planned job losses
Job loss
Announcement Date
14 October 2015
Employment effect (start)
Foreseen end date

Description

Coal production and distribution company Hargreaves is being reported to be in the process of cutting 150 jobs. This follows the announcement of the closure of the Teesside based steelworks SSI, and is seen to be a direct knock-on effect of the closure. The Durham based company employs approximately 2,500 staff across the UK. There had been initial reports that Hargreaves would take over the running of the SSI steelworks, but the company confirmed that while it would like to support SSI, it did not have any plans to purchase the company. Hargreaves had warned in August that the current conditions faced by the UK steel industry made job losses likely.

Sources

  • 14 October 2015: Gazette Live

Citation

Eurofound (2015), Hargreaves, Internal restructuring in United Kingdom, factsheet number 85276, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85276.