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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
500 jobs Number of planned job creations
Announcement Date
14 March 2007
Employment effect (start)
1 March 2007
Foreseen end date
1 March 2011
Description
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.'
Sources
14 March 2007: BBC Website
Citation
Eurofound (2007), Sunseeker International, Business expansion in United Kingdom, factsheet number 65092, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65092.
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