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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.1 - Warehousing and storage
300 jobs Number of planned job creations
Announcement Date
5 February 2018
Employment effect (start)
1 August 2018
Foreseen end date
Description
Logistics company Yearsley Group has announced plans to create 300 new jobs when it opens its new site in Peterborough. When fully complete, the site will host the largest cold storage hub in the UK, and will transport goods to and from all the major ports in the South East of England. Originally the company had planned for a 2013 opening, but plans were put on hold due to the downturn in the market. The site is expected to be operational from August 2018, though there is no indication of how long it will take to fill all of the projected jobs.
Sources
5 February 2018: Peterborough Today
Citation
Eurofound (2018), Yearsley Group, Business expansion in United Kingdom, factsheet number 93477, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93477.
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