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.
A luxury motor yacht maker plans to create 500 jobs in Dorset with the acquisition of American-owned manufacturing facilities. Sunseeker said it had agreed outline terms, for an undisclosed amount, with US-based Luhrs Marine for its yacht facilities at Osprey Quay, Portland. The company's expansion will create 500 skilled jobs over four years. Production at the 11.5 acre site could start as early as May this year once the deal has been completed. Sunseeker, based in Poole, is the world's largest privately-owned builder of motor yachts employing 1,800 staff. Robert Braithwaite, managing director and founder of Sunseeker International, said: 'Osprey Quay is an ideal location for our future expansion plans. I am sure that by moving a level of production to the Portland location we will be able to build on the company's success while adding to the growth of the local economy and utilising the boatbuilding skills available in the area.'
Eurofound (2007), Sunseeker International, Business expansion in United Kingdom, factsheet number 65092, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65092.