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.
Wales; West Wales and The Valleys; South West Wales
Location of affected unit(s)
Newbridge
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs Number of planned job creations
Announcement Date
22 March 2010
Employment effect (start)
22 March 2010
Foreseen end date
Description
200 new jobs to be created in Newbridge, Wales by US company General Dynamics as they win a deal to produce a new light tank for the British army. The deal is for around 600 vehicles, and will also safeguard a further 250 existing jobs. In a joint statement First Minister Carwyn Jones and Deputy First Minister Ieuan Wyn Jones said: "This announcement will not only create and safeguard the highly skilled jobs at the company's state-of-the-art plants at Oakdale and Newbridge, but sends a very clear message that Wales has the skills to manufacture high quality and internationally competitive products." No details were given on the number currently employed by the company or when the jobs were likely to be advertised and filled.
Sources
22 March 2010: BBC Website
Citation
Eurofound (2010), General Dynamics, Business expansion in United Kingdom, factsheet number 70338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70338.
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