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.
Yorkshire and the Humber; South Yorkshire; Sheffield
Location of affected unit(s)
Sheffield
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
100 - 120 jobs Number of planned job losses
Announcement Date
21 November 2016
Employment effect (start)
Foreseen end date
31 May 2017
Description
Fencing company Betafence has confirmed that it has started consultation with employee representatives over a proposed restructure which involves the loss of up to 120 jobs. The manufacturer of wire fencing, which is based in Sheffield, intends to cease manufacture of cable and wire in the UK. Betafence is a Belgian owned company which now only operates the Sheffield site in the UK, having closed its Wigan operations in 2009. The proposed reductions are due to be completed by the end of May 2017.
Sources
21 November 2016: The Star
Citation
Eurofound (2016), Betafence, Internal restructuring in United Kingdom, factsheet number 89296, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89296.
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