Coryton Oil Refinery

Type
Bankruptcy
Country
United Kingdom
Region
East (England); Essex;
Location of affected unit(s)
Sector
Manufacturing
(19) Manufacture of coke and refined petroleum
19.2 - Manufacture of refined petroleum products and fossil fuel products
19.2 - Manufacture of refined petroleum products and fossil fuel products
180 jobs
Number of planned job losses
Job loss
Announcement Date
18 June 2012
Employment effect (start)
25 June 2012
Foreseen end date

Description

Coryton Oil Refinery will make 180 staff redundant after going into administration. The firm went into administration in January after its parent company Petroplus in Swiss collapsed. Administrators PwC have been in discussions with 100 possible investors and buyers but it has not been possible to reach a deal. The redundancies will be implemented next week.

Sources

  • 18 June 2012: BBC News

Citation

Eurofound (2012), Coryton Oil Refinery, Bankruptcy in United Kingdom, factsheet number 73822, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73822.