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.
West Midlands; Shropshire and Staffordshire; Telford and Wrekin
Location of affected unit(s)
Telford
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.53 - Casting of light metals
300 jobs Number of planned job creations
Announcement Date
17 April 2018
Employment effect (start)
19 April 2018
Foreseen end date
Description
Cosma, a subsidiary of Magna, is set to open a new factory in Telford which will create 300 jobs. The site will cast aluminium parts for use in the motor industry and will service a contract with nearby manufacturer Jaguar Land Rover. The site has been under development since autumn 2016 and production is expected to start imminently following the official opening in April 2018. A member of the local council welcomed the new business and noted that this deal represents the largest single investment from overseas for ten years. The councillor also noted that the site has potential to expand if future orders demand greater capacity.
Sources
17 April 2018: Shropshire Star
20 April 2018: Shropshire Star
Citation
Eurofound (2018), Cosma, Business expansion in United Kingdom, factsheet number 94082, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94082.
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