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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
169 - 219 jobs Number of planned job losses
Announcement Date
27 December 2019
Employment effect (start)
27 December 2019
Foreseen end date
Description
The Bondshold Group, a UK-based steel and iron company manufacturer, entered into administration in December 2019, making 169 employees redundant with immediate effect. The bankruptcy will impact group’s three plants across the North of England. The administrators explained that they were unable to find a buyer for the company and ensured their assistance to affected workers.
Bondshold was founded 150 years ago – in the Victorian era it supplied the British Army with cannonballs, while more recently it produced equipment for the offshore oil and gas industry.
Eurofound (2019), Bondshold, Bankruptcy in United Kingdom, factsheet number 99549, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99549.
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