COVID Hit Scrap Giant EMR Closes 2 Sites in UK & to Cut 250 Jobs
Liverpool Echo reported that global recycling giant European Metal Recycling has closed two recycling sites south coast and Bedfordshire in UK and cut 250
Liverpool Echo reported that global recycling giant European Metal Recycling has closed two recycling sites south coast and Bedfordshire in UK and cut 250 jobs as the company's operations were badly affected by pandemic. European Metal Recycling Managing Director Mr Ian Sheppard told BusinessLive "Like many businesses, Covid-19 has had a significant material impact. EMR are no different, at the height of the lockdown supply volumes dropped as low as 20% of what we would consider normal. This has now stabilised at around 70% of normal with some slow underlying improvement. We expect these reduced volumes to persist through 2021 in the UK and are estimating this at 80% of normal. EMR had no choice but to reduce the number of staff and subsequently cut around 20% of the workforce during 2020, a reduction of 250 people. That's as well as closing a site on the south coast and another in Bedfordshire for metal recycling activity.”
For Mr Sheppard, the problems arising from Covid were on par with the financial crisis of 2008. He said "Those were enormous challenges. We've had several major price shocks in all aspects of our business over the last 15 years.
European Metal Recycling now predicts a bumpy recovery during 2021 following the significant material impact of the pandemic. Looking further ahead and despite the challenges posed by 2020, the family firm sees all kinds of exciting opportunities for the future including playing a big role in delivering net-zero carbon for the UK.
European Metal Recycling has a history spanning 70 years, when it was founded as The Sheppard Group in Rochdale back in 1950. After various domestic international mergers, it became known as European Metal Recycling in 1994. Further acquisitions followed with sites all over the UK, Europe and the US. European Metal Recycling recycles everything from drinks cans to aircraft carriers, and is involved in all stages of the process from reclamation and processing to the haulage, freight and delivery to its international customer base. It recycles 10 million tonnes of waste per year, with products re used, recycled and recovered into more than 200 grades of new, sustainable raw materials. Mr Sheppard is the third generation to run the family business.