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 Midlands (England); Leicestershire, Rutland and Northamptonshire; North Northamptonshire
Location of affected unit(s)
Corby
Sector
(41 - 43) Construction 43 - Specialised construction activities 43 - Specialised construction activities 43 - Specialised construction activities
100 jobs Number of planned job losses
Announcement Date
10 September 2010
Employment effect (start)
Foreseen end date
Description
Weldn Plant, a Northamptonshire construction firm has gone into administration with the loss of 100 jobs. The firm said the companies financial difficulties stem from is Royal Bank of Scotland (RBS) overdraft being cut from £3.15m to £2.2m. The company traded for 30 years and built many public parks and open spaces.
Sources
10 September 2010: BBC Website
Citation
Eurofound (2010), Weldon Plant, Internal restructuring in United Kingdom, factsheet number 70938, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70938.
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