AgustaWestland UK to close loss-making Yeovil leisure complex

AgustaWestland UK to close loss-making Yeovil leisure complex

14-May-2015 Source: AgustaWestland

AgustaWestland regrets to announce that the Westlands leisure and sports complex in Yeovil (“Westlands”) will close at the end of September 2015. The decision has been taken due to increasing costs and the growing subsidy AgustaWestland has had to make to keep the complex open. Other factors taken into consideration were the impending major investments that would be required to modernize the facilities and declining membership.

Two years ago AgustaWestland appointed a partner to manage and develop the facility with the plan to return it to a key entertainment and sports venue within the area and move it to a cost neutral or potential profit making establishment. Despite the best efforts of all involved and having together made improvements in several areas, it has become clear AgustaWestland would have to continue to increase the subsidy it provides to keep the facility open. This follows significant financial losses for the 2014-2015 financial year.

The 29 part and full time employees who work at the facility have been informed today of the planned closure by their employer, who will be supporting them through the process and seeking alternative employment for them where possible.

To minimize the impact of the closure of the facility on its members and individuals that have made bookings for private events, it has been decided to keep the complex open until the end of September 2015 with all bookings that have been made up to this date being honored.

Westlands and AgustaWestland are now informing members of the closure plans and will be engaging with all other parties affected by the closure in the coming days. The management of the facility will also be contacting all those that have made bookings for events and private functions at the complex as soon as possible.

AgustaWestland, which owns the land and facility, has not made any decision on its future, but will ensure the site is protected and secured.

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