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.
South East; Hampshire and Isle of Wight; Hampshire CC
Location of affected unit(s)
Hythe
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.12 - Building of pleasure and sporting boats
200 jobs Number of planned job creations
Announcement Date
1 December 2017
Employment effect (start)
Foreseen end date
Description
Boat manufacturer Fairline Yachts has announced plans to create 200 new jobs when it opens its new factory in Hythe in Hampshire. The site in Hampshire was previously part-owned by Green Marine which went into liquidation in October 2017, resulting in the loss of 46 jobs. Fairline Yachts emerged from Northamptonshire-based Fairline Boats which entered administration in 2015. By taking on premises in Hythe the company will be able to build larger yachts which it is unable to do at its Northamptonshire site. Production is due to begin at Hythe in the summer of 2018.
Sources
1 December 2017: BBC Website
Citation
Eurofound (2017), Fairline Yachts, Business expansion in United Kingdom, factsheet number 92920, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92920.
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