EMCC European Monitoring Centre on Change

Wagon Automotive

Company/Organisation:
Wagon Automotive

Geographic Location

Country: United Kingdom
Region: Walsall and Wolverhampton; West Midlands; West Midlands
Location of affected unit(s): Walsall

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 292

Employment Effects

Announcement Date: 19-12-2008
Planned Job Reductions min: 292
Planned Job Reductions max: 292
Type of Restructuring: Bankruptcy/Closure
Direct Dismissals: 292

Additional Information

Wagon Automotive, a company manufacturing car parts, is to cut 292 jobs at its site in Walsall. The company has announced that it is to close down the plant due to falling demand and increased competition from low cost car part makers. The company went into administration earlier this month and the cuts were decided after the administrators failed to find a buyer for the business. As of 19 December 2008 there is no information on when the job losses will occur.