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; Tees Valley and Durham; Hartlepool and Stockton-on-Tees
Location of affected unit(s)
Stockton
Sector
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
100 jobs Number of planned job creations
Announcement Date
29 March 2010
Employment effect (start)
29 March 2010
Foreseen end date
31 March 2011
Description
Stockton based engineering and construction firm Aker Solutions is creating 100 jobs over the next 12 months. After moving to new premises two years ago this latest announcement comes after the company has already doubled its workforce from 300 to 600. The jobs are being created in response to an expanding client base; many of the jobs will commence as temporary posts, but with a view to becoming permanent. The company has received a £1.4m grant for Business Investment from regional development agency One North East, and is especially keen to hear from employees of Corus' Teeside Cast Projects in Cleveland whose jobs are under threat from redundancy. Ian Williams, One North East's director of business and industry, said: "Aker Solutions is a major North-East employer whose renewed success from its Tees Valley base is a shining example of how the North-East can play home to internationally important firms." Minister for the North-East Nick Brown MP said: "Aker Solutions deserves a lot of credit for successfully strengthening and expanding its business."
Sources
29 March 2010: The Northern Echo
29 March 2010: The Engineer
Citation
Eurofound (2010), Aker Solutions, Business expansion in United Kingdom, factsheet number 70494, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70494.
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