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 (England); Northumberland, Durham and Tyne & Wear; Northumberland
Location of affected unit(s)
Tredegar
Sector
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
133 jobs Number of planned job creations
Announcement Date
4 March 2009
Employment effect (start)
4 March 2009
Foreseen end date
4 March 2014
Description
Penn Pharmaceutical Group, a manufacturer of pharmaceutical products, is to create 133 jobs in Tredegar, Blaenau Gwent. The company, which currently employs 250 people, will create the jobs over the next five years as it expands its operations.
Sources
4 March 2009: BBC News
Citation
Eurofound (2009), Penn Pharmaceutical Group, Business expansion in United Kingdom, factsheet number 68455, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68455.