Western Corrugated

Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Torfaen, Cwmbran, Wolverhampton
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
131 jobs
Number of planned job losses
Job loss
Announcement Date
7 January 2010
Employment effect (start)
6 January 2010
Foreseen end date
6 January 2010

Description

Cardboard manufacturer Western Corrugated has closed with the loss of 131 jobs. 82 jobs are to be lost at its main site in Torfaen, Cwmbran, and another 49 in Wolverhampton. Administrators KPMG said that 24 staff would stay on to help them wind down, but "[u]nfortunately following our assessment of the business since our appointment we have established that it is no longer viable and therefore have no choice but to cease trading with immediate effect." The company had an annual turnover of nearly £50m, but over-capacity in the cardboard market and an increase in paper prices have been blamed for the closure.

Sources

  • 7 January 2010: Wales Online Website
  • 7 January 2010: BBC Website

Citation

Eurofound (2010), Western Corrugated, Closure in United Kingdom, factsheet number 70451, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70451.