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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
600 jobs Number of planned job creations
Announcement Date
10 July 2007
Employment effect (start)
Foreseen end date
Description
A leading US investment bank will create about 600 jobs in Scotland's largest city, it was announced. First Minister Alex Salmond welcomed the news that Morgan Stanley was to expand in Glasgow.
He said the decision demonstrated the growing potential and reach of the Scottish economy. An EU grant of £6m will support the company's plans to grow its finance, operations and technology support functions already in Glasgow.
The firm already employs 770 staff in the city.
Sources
10 July 2007: BBC Website
Citation
Eurofound (2007), Morgan Stanley, Business expansion in United Kingdom, factsheet number 65610, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65610.
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