Restructuring events
European Restructuring Monitor (ERM)
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.
The US-based company Lear Corporation has chosen to open a factory on Wearside, creating 250 jobs. The Car parts supplier will set up a base at the Rainton North Business Park, near Sunderland. The project is a joint venture with Japanese company Tachi-S and is to be known as Tacle (UK) Ltd. Council leader Bob Symonds said: 'I'm delighted that one of the world's leading automotive component companies has chosen to locate in Sunderland and create 250 skilled jobs'. The new factory is expected to open in 2006.
Eurofound (2005), Tacle (UK), Business expansion in United Kingdom, factsheet number 62399, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62399.