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.
South East; Berkshire; Buckinghamshire and Oxfordshire
Location of affected unit(s)
Milton Keynes
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
110 jobs Number of planned job creations
Announcement Date
25 September 2017
Employment effect (start)
Foreseen end date
Description
Red Bull Racing has announced plans to create 110 new jobs as part of its partnership with Aston Martin. The jobs will be located in a new joint performance centre at Red Bull's Milton Keynes factory. The centre will work on both road cars and formula one technology, and the jobs will mainly be in design and engineering. The new centre will allow a closer working relationship between the two companies in preparation for the Formula One season of 2018 when the team will race as Aston Martin Red Bull Racing.
Sources
25 September 2017: Milton Keynes Citizen
25 September 2017: The Express
Citation
Eurofound (2017), Red Bull Racing, Business expansion in United Kingdom, factsheet number 92317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92317.
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