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; Tyneside
Location of affected unit(s)
Billingham
Sector
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles 45 - Wholesale and retail trade and repair of motor vehicles and motorcycles
800 jobs Number of planned job creations
Announcement Date
17 November 2004
Employment effect (start)
Foreseen end date
Description
Wynyard Limited has said that hundreds of jobs are being created at the site of a former Teesside electronics plant which closed earlier this year.
South Korean-based Samsung closed its factory at Wynyard, near Billingham, in April 2004 with the loss of 400 jobs.
The site was purchased by local firm Wynyard Limited, which is developing it as a business park.
Now it has revealed the creation of up to 800 new jobs with the first phase of the site's redevelopment. "These will be real jobs and there has not been any public money involved in attracting these companies here."
Sources
17 November 2004: BBC News
Citation
Eurofound (2004), Wynyard Limited, Business expansion in United Kingdom, factsheet number 60793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60793.
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