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 (England); Northumberland, Durham and Tyne & Wear; Sunderland
Location of affected unit(s)
Sector
Financial / Insurance/ Estate 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities
2,500 jobs Number of planned job creations
Announcement Date
30 July 2005
Employment effect (start)
Foreseen end date
Description
In July, Northern Rock announced the potential creation of up to 2,500 new jobs at Rainton Bridge South Business Park.
Sources
10 October 2005: Sunderland Echo
10 October 2005: BBC News
Citation
Eurofound (2005), Northern Rock, Business expansion in United Kingdom, factsheet number 62400, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62400.