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.
North East; Northumberland and Tyne and Wear; Sunderland
Location of affected unit(s)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
250 jobs Number of planned job creations
Announcement Date
10 October 2005
Employment effect (start)
Foreseen end date
1 October 2006
Description
The US-based company Lear Corporation has chosen to open a factory on Wearside, creating 250 jobs. The Car parts supplier will set up a base at the Rainton North Business Park, near Sunderland. The project is a joint venture with Japanese company Tachi-S and is to be known as Tacle (UK) Ltd. Council leader Bob Symonds said: 'I'm delighted that one of the world's leading automotive component companies has chosen to locate in Sunderland and create 250 skilled jobs'. The new factory is expected to open in 2006.
Sources
10 October 2005: BBC News
Citation
Eurofound (2005), Tacle (UK), Business expansion in United Kingdom, factsheet number 62399, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62399.
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