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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.22 - Manufacture of plastic packing goods
35 jobs Number of planned job creations
Announcement Date
2 June 2009
Employment effect (start)
2 June 2009
Foreseen end date
Description
Toly Products Limited, a supplier of plastic packaging components for the cosmetics industry, plans to increase its workforce in Malta by 35. Currently it employs 350 employees and is investing €13 million on a new factory in Malta which will cover 5,500 sq.metres and will have several floors.
The CEO, Andy Gatesy said that the company also plans to invest €3.5 million on automation but will still increase its workforce by 10 percent as new products are added. The company laid off 84 wokers in October 2008 but has since received government assistance through Malta Enterprise in order save further job cuts and help with the new investment.
Eurofound (2009), Toly Products, Business expansion in Malta, factsheet number 69193, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69193.
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