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.
North East; Northumberland and Tyne and Wear; Sunderland
Location of affected unit(s)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
200 jobs Number of planned job creations
Announcement Date
23 September 2004
Employment effect (start)
Foreseen end date
Description
The British motor industry received a significant boost yesterday when Nissan said it would build its new European family car at its Sunderland plant, creating 200 jobs. Nissan, the Japanese car-maker, in which Renault owns a 44% stake, said it would build 100,000 of the new Tone model at Sunderland, with the start of production planned for January 2006. Nissan said it would invest £125 million in the new car, which will compete with the likes of Renault's new Modus people-carrier, and £25 million of this will go to Sunderland. The plant, which employs 4,300 people, is rated Europe's most productive, with an annual output of 330,000 and capacity of half a million.
Sources
24 September 2004: The Guardian
Citation
Eurofound (2004), Nissan, Business expansion in United Kingdom, factsheet number 60533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60533.
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