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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
170 jobs Number of planned job creations
Announcement Date
27 March 2007
Employment effect (start)
1 May 2007
Foreseen end date
1 May 2010
Description
A software development firm is creating 170 IT jobs in Caerphilly, it has been announced on 27 March. Valtech provides consultancy and training to industry including aerospace, finance and media. The French company already has offices in London and Manchester and said it expects to expand further in the UK.
The development of the new centre, which will open in May, has been supported by a Welsh Assembly Government regional assistance grant. Jonathan Poole, Valtech chief executive, said Wales offered a 'skilled workforce with software development expertise'.
He said: 'We have been particularly impressed with the high academic standards in computing research and teaching at Welsh universities and the relevance of areas of their work to our own needs.'
The group, which has a 65 million GBP turnover, expects to recruit up to 40 staff in the first year and 167 within three years.
Sources
27 March 2007: BBC Website
Citation
Eurofound (2007), Valtech, Business expansion in United Kingdom, factsheet number 65194, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65194.
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