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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Longbridge Birmingham
Sector
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.1 - Development of building projects
3,500 jobs Number of planned job creations
Announcement Date
15 April 2005
Employment effect (start)
Foreseen end date
30 April 2010
Description
The company which owns most of Rover's Longbridge site has talked of creating 10,000 new jobs at the site. St Modwen, which bought 450 acres of prime development land from Rover, specialises in the regeneration of former industrial sites. The chief executive Anthony Glossop said that they were very confident that they could be successful in creating jobs there; ‘We will certainly create more jobs than there are at the moment - which is 6,500 - and you can well envisage a figure of 10,000 or more within five to 10 years.' Though some of those jobs at Longbridge would be with companies relocating, the developers expect half of them to be newly-created.
Sources
15 April 2005: BBC News
Citation
Eurofound (2005), St Modwen, Business expansion in United Kingdom, factsheet number 61433, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61433.
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