EMCC European Monitoring Centre on Change

Bondshold

Company/Organisation:
Bondshold

Geographic Location

Country: United Kingdom
Location of affected unit(s): Crook, Alston, Scunthorpe

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 219
Group: Bondshold Group

Employment Effects

Announcement Date: 27-12-2019
Planned Job Reductions min: 169
Planned Job Reductions max: 219
Type of Restructuring: Bankruptcy
Employment Effect Start: 27-12-2019
Direct Dismissals: 169

Additional Information

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.

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