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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Hereford
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.22 - Manufacture of plastic packing goods
175 jobs Number of planned job losses
Announcement Date
8 August 2017
Employment effect (start)
Foreseen end date
Description
Hereford packaging company Gelpack has entered administration and announced 175 redundancies. The business, which manufactures plastic packaging products for a variety of customers, had been under recent pressure and required further funding to be able to continue. Administrators KPMG have confirmed that a buyer is still being sought for the business, but they have taken the decision to announce 175 redundancies. The firm will continue trading in the interim period, with a skeleton staff being kept on to fulfil existing orders.
Sources
8 August 2017: BBC Website
4 August 2017: BBC Website
Citation
Eurofound (2017), Gelpack, Bankruptcy in United Kingdom, factsheet number 91704, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91704.
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