The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture Of Other Transport Equipment
49 jobs Number of planned job creations
Announcement Date
4 March 2014
Employment effect (start)
1 March 2014
Foreseen end date
1 December 2014
Description
Clearview Traffic Group is based in Bicester, Oxfordshire. The company is the market leader for intelligent solar powered road studs which offer 10 times greater visibility of the road ahead than traditional ‘cat’s eyes’. With the support of a £4 million Advanced Manufacturing Supply Chain Initiative (AMSCI) grant, Clearview Traffic are relocating the manufacture of the product from overseas to Britain. This is part of a £6 million project to streamline their supply chain, strengthen intellectual property and boost overseas sales. Working in partnership with two other British businesses, Zeta Specialist Lighting Ltd and AEV Ltd, the project will lead to 49 jobs being re-shored and 37 existing UK jobs being safeguarded.
Sources
4 March 2014: Department for Business, Innovation & Skills, (www.gov.uk)
Citation
Eurofound (2014), Clearview Traffic Group, Reshoring in United Kingdom, factsheet number 213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/213.
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