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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.21 - Manufacture of central heating radiators and boilers
120 jobs Number of planned job creations
Announcement Date
1 February 2016
Employment effect (start)
Foreseen end date
Description
Following a GBP 3 million (€3.9 million) loan from the Welsh Government, Quinn Radiators has announced plans to create 120 new jobs. The Newport-based company operates from the city's Imperial business park and currently employs 290 people. As well as allowing the creation of new jobs, the loan will secure the positions of those who currently work for the company. Quinn Radiators has the capacity to produce 3.5 million domestic radiators annually from its two production lines. It is not known when the new positions will be filled.
Sources
1 February 2016: BBC Website
Citation
Eurofound (2016), Quinn Radiators, Business expansion in United Kingdom, factsheet number 86418, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86418.
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