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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
60 jobs Number of planned job creations
Announcement Date
4 December 2014
Employment effect (start)
4 December 2014
Foreseen end date
Description
Llanelli-based car components manufacturer Gestamp Tallent has announced it is to create 60 new jobs. The job creation is being facilitated by investment from the Welsh Government. The £10 million investment has helped to pay for a new hot metal stamping press - one of only two in the UK - which produces components lighter and stronger than those made with cold pressing technology. Five years ago the company was reported to be on the verge of closing down, but has experienced a remarkable turnaround. These latest jobs are in part a result of a five year contract to supply parts to Jaguar Land Rover. It is not known when the jobs will be filled.
Sources
4 December 2014: Wales Online
4 December 2014: BBC Website
Citation
Eurofound (2014), Gestamp Tallent, Business expansion in United Kingdom, factsheet number 77971, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77971.
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