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.
Information / Communication Information Service Activities Digital Infrastructure Services 63.1 - Data processing, hosting and related activities; web portals
300 jobs Number of planned job losses
Announcement Date
10 October 2018
Employment effect (start)
Foreseen end date
Description
Refinitiv, a data services company, has announced it plans to close its site in Wrexham, North Wales. The decision will result in the loss of 300 jobs. The company, which was previously part of the Thompson Reuters group, was recently subject to a takeover by the US based Blackstone Group. A spokesperson for the company confirmed that the decision to close the Wrexham branch was made for operational reasons, and that the company is in dialogue with employees and their representatives. There is no information available on when the closure is due to take place.
Sources
Citation
Eurofound (2018), Refinitiv, Closure in United Kingdom, factsheet number 95737, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95737.
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