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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.14 - Manufacture of other taps and valves
160 jobs Number of planned job losses
Announcement Date
2 August 2016
Employment effect (start)
2 August 2016
Foreseen end date
Description
Dundee based engineering company Galloway Group has called in administrators with the immediate loss of 160 jobs. The company which manufactured ductwork and acoustic enclosures for the oil and gas industry had reportedly been under pressure for some time, following the downturn in that sector. The company had first been established in Dundee in 1872 and had worked on a number of high profile contracts including for the Scottish Parliament building. An unspecified number of employees have been kept on to help with the winding down of the firm.
Sources
2 August 2016: BBC Website
Citation
Eurofound (2016), Galloway Group, Closure in United Kingdom, factsheet number 88335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88335.
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