VT Group

Type
Business expansion
Country
United Kingdom
Region
South East (England); Hampshire and Isle of Wight;
Location of affected unit(s)
Hampshire
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
100 jobs
Number of planned job creations
Job creation
Announcement Date
10 April 2007
Employment effect (start)
1 September 2007
Foreseen end date

Description

100 jobs will be created in Hampshire after shipbuilding firm VT Group won a 150 million GBP contract to build three off-shore patrol vessels. The Southampton-based company signed a contract with the Trinidad and Tobago Coastguard to supply the three patrol vessels for the Caribbean islands. Production is expected to start in the autumn for completion in 2009 and will also help safeguard 200 existing jobs at the firm.

Sources

  • 10 April 2007: BBC News

Citation

Eurofound (2007), VT Group, Business expansion in United Kingdom, factsheet number 65228, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65228.