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.
Wales; South East Wales; Central Valleys and Bridgend
Location of affected unit(s)
Bridgend
Sector
Financial / Insurance/ Estate 68 - Real estate activities 68 - Real estate activities with own property and development of building projects 68.1 - 68 - Real estate activities with own property and development of building projects
200 jobs Number of planned job creations
Announcement Date
3 August 2005
Employment effect (start)
31 December 2005
Foreseen end date
Description
Insight, an industrial site developer has begun work on a new industrial development in Bridgend which backers hope will create up to 200 new jobs in south Wales. The company said it hoped the units, totalling 64,000 square feet, will be completed in December 2005. The £4 million development is supported by Objective One grant assistance. The Bridgend area has been hit by hundreds of recent job losses, including 650 at Sony's TV plants.
Sources
3 August 2005: BBC News
Citation
Eurofound (2005), Insight, Business expansion in United Kingdom, factsheet number 62067, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62067.