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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
200 jobs Number of planned job creations
Announcement Date
31 October 2017
Employment effect (start)
Foreseen end date
30 November 2018
Description
Finance company, MotoNovo Finance, which provides finance deals for motor vehicles, has announced that it is to create 200 jobs. The jobs will be based at a new site in Cardiff and include roles for sales, customer services and marketing. Leadership roles will also be available. The jobs follow the group's profits of 69 million GBP for the last financial year, and the company will add 18 million GBP to the Welsh economy through the salaries it will pay. The jobs are expected to be added over the course of the coming twelve months.
Sources
31 October 2017: ITV Website
1 November 2017: Business News Wales
Citation
Eurofound (2017), MotoNovo Finance, Business expansion in United Kingdom, factsheet number 92440, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92440.
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