Restructuring events
European Restructuring Monitor (ERM)
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.
Drinks company Diageo is planning to create 200 new jobs in Scotland as part of a 100 million GBP plan to expand its whisky operations. The company said the investment was one of the biggest in the industry's history and its largest in Scotland in 20 years.
Diageo plans to build a new malt distillery in the north and expand its grain distillery in Fife. It also plans to increase the bottling capacity at its plant in Glasgow.
Chancellor Gordon Brown said the investment was great news for Scotland and the Scotch whisky industry. About 40 million GBP of the money will go towards a new malt distillery to increase production of its single malts which include Talisker, Lagavulin and Dalwhinnie. The site of the distillery is still to be finalised but the company hopes it will be near one of its existing Speyside malting facilities at Roseisle, near Elgin.
The managing director of Diageo Scotland, Bryan Donaghey, said the move underpinned its commitment to Scotland. He said it should help the company meet demand from customers in growing markets such as Brazil, Russia and India.
Eurofound (2007), Diageo, Business expansion in United Kingdom, factsheet number 64946, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64946.