Restructuring events
European Restructuring Monitor (ERM)
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.
Excel, a Hong-Kong based firm which recycles mobile phones, is to create 250 new jobs in Treforest in Pontypridd. The firm will relocate its headquarters to an empty site in Treforest, and will invest 1 million GBP in the new development. The new site will include a call centre. Rhondda Cynon Taf Council welcomed the news as a major boost for the local economy. The company plans to recycle more than 100,000 old phones per month and resell them in the Far East from the start of 2008. The move will be to the Treforest industrial estate site of a former furniture factory, which closed in 2005.
Robert Bevan, the council's cabinet member for economic development said: 'We were impressed with their vision and ideas and are pleased that they have chosen this vacant site for their operations.' He said that the potential for the recycling market was vast, with more than 100m discarded mobile telephones lying in people's drawers and cupboards or simply thrown away in the UK. In an era of much greater concentration on sustainability and recycling where electrical companies are looking to comply with such concerns, this is an innovative and pioneering project in UK terms,' he said.
Eurofound (2007), Excel, Business expansion in United Kingdom, factsheet number 65796, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65796.