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)
Cobalt Park
Sector
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70 - Activities of head offices; management consultancy activities
130 jobs Number of planned job creations
Announcement Date
27 July 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 July 2007
Description
Consumer products giant Procter & Gamble has marked the fifth anniversary of its move to a Tyneside site with the announcement of 130 new jobs. P&G's Global Business Service Centre has been at Cobalt Business Park, in North Tyneside, since 2001. The site provides finance, employee and procurement services for P&G in more than 46 countries. It marked the date with a street party for its 700 staff and the news of the 130 new jobs over the next year. The new jobs will predominantly be within the finance group.
Sources
27 July 2006: BBC News
Citation
Eurofound (2006), Procter & Gamble, Business expansion in United Kingdom, factsheet number 63819, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63819.
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