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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
130 jobs Number of planned job losses
Announcement Date
17 July 2017
Employment effect (start)
Foreseen end date
Description
Car parts manufacturer International Automotive Components (IAC) has announced that it is to cut 130 jobs from its site in Halewood, Merseyside. The company supplies leather interiors for Jaguar Land Rover. The decision comes after workers rejected options of pay freezes or pay cuts by IAC management. The work will now be carried out at IAC's other site in Birmingham, where the work can be done more cheaply. Labour costs are one of the reasons why the unit price is cheaper in the midlands. There is no information available as to when the 130 job losses will take effect.
Sources
17 July 2017: Liverpool Echo
Citation
Eurofound (2017), International Automotive Components, Internal restructuring in United Kingdom, factsheet number 91700, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91700.
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