EMCC European Monitoring Centre on Change

SPS Technologies

Company/Organisation:
SPS Technologies

Geographic Location

Country: United Kingdom
Location of affected unit(s): Annesley, Leicester, Mansfield and Rugby

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.94 - Manufacture of fasteners and screw machine products
Number Employed: 1000

Employment Effects

Announcement Date: 05-06-2020
Planned Job Reductions min: 350
Planned Job Reductions max: 420
Type of Restructuring: Internal restructuring

Additional Information

SPS Technologies, the US-based manufacturer and supplier of aerospace nuts, bolts, and associated products has started redundancy consultation with up to 420 of its employees across four production sites in the Midlands region of England. 

According to the media, the redundancies are planned to take place in Annesley (around 100 jobs), Mansfield (around 40 jobs), Leicester (around 200 jobs) and Rugby (around 100 jobs).

An officer of Unite referred to the planned redundancies as “unnecessary” and called on the company to put employees on temporary paid leave under the UK government’s Coronavirus Job Retention Scheme instead of cutting jobs.

SPS Technologies is part of PCC (Precision Castparts Corporation), the US-based global manufacturer of complex metal components and products, including aerospace applications.