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.
East of England; Bedfordshire and Hertfordshire; Hertfordshire
Location of affected unit(s)
Hoddesdon
Sector
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52 - Warehousing and support activities for transportation
200 jobs Number of planned job losses
Announcement Date
11 December 2017
Employment effect (start)
Foreseen end date
Description
Logistics company Bidvest is reported to be closing its site in Hoddesdon, Hertfordshire. The closure will result in the loss of 200 jobs. The decision follows the loss of a major contract from February 2018. Indications are that the proposed changes will follow the end of this contract. According to reports the company has already started bringing in agency workers on short-term deals at higher rates of pay and some workers have resigned, only to be engaged again on agency terms. Bidvest has confirmed that it will be starting the statutory consultation process.
Sources
11 December 2017: Hertfordshire Mercury
Citation
Eurofound (2017), Bidvest, Closure in United Kingdom, factsheet number 92933, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92933.
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