EMCC European Monitoring Centre on Change

Cromwell Tools

Company/Organisation:
Cromwell Tools

Geographic Location

Country: United Kingdom
Region: Leicestershire CC and Rutland; Leicestershire, Rutland and Northamptonshire; East Midlands
Location of affected unit(s): Wigston

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.90 - Non-specialised wholesale trade
Number Employed: 1800

Employment Effects

Announcement Date: 10-12-2019
Planned Job Reductions min: 179
Type of Restructuring: Internal restructuring
Employment Effect Start: 10-12-2019
Direct Dismissals: 179

Additional Information

Cromwell Tools, a UK-based distributor of industrial tools, has announced that 179 employees have been made redundant in Wigston, Leicestershire, as part of an internal cost-saving restructuring plan. A spokesperson for the company said that earlier in 2019 they had planned up to 250 redundancies. At the end of the compulsory consultation period, however, fewer than 10 per cent of the 1,800 employees were made redundant.

Cromwell Tools was founded in 1968 and was owned by its founder until 2015 when it was acquired by WW Grainger, the industrial supply company based in the US.

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