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 Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
102 jobs Number of planned job creations
Announcement Date
11 July 2018
Employment effect (start)
Foreseen end date
Description
Following the award of a contract to supply paper straws to fast food chain McDonalds, Transcend Packaging has announced that it will create 102 jobs. The company, which is in the process of relocating from Ebbw Vale to Ystrad Mynach, near Caerphilly, will receive over GBP 0.5 million (€563,000) over three years from the Welsh Government to support its development. The company currently employs 20 people and predicts that if growth plans work out, it will employ over 200 people by 2021. At present, there is no information on when the 102 jobs are expected to be filled.
Sources
Citation
Eurofound (2018), Transcend Packaging, Business expansion in United Kingdom, factsheet number 94683, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94683.
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