Restructuring events
European Restructuring Monitor (ERM)
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.
250 jobs are to be created in Houghton, Sunderland with the opening of a factory supplying car seats to motor firm Nissan. Tacle Seating UK Ltd is a joint venture between the US-based Lear Corporation and Japanese company Tachi-S. The £15m plant at Houghton, near Sunderland, will make 144,000 car seats a year for the nearby Nissan car plant. Sunderland City Council said it hoped to attract further US investment following the signing of a friendship agreement with Washington DC last week. Sunderland City Council has spent 18 months negotiating the deal to bring the new factory to Wearside. Sunderland Council Leader, Bob Symonds said: 'This is yet another major US investment we have helped secure for Sunderland, demonstrating the importance of the city's economic ties with America.' 'American companies already employ 6,000 people in the city and we hope the agreement we signed with Washington DC last week will pave the way for many more jobs over the coming years.' "The opening of the Tacle factory is testament to the importance of the city's links with Japan, which have continued to thrive since the opening of the Nissan plant."
Eurofound (2006), Tacle Seating UK, Business expansion in United Kingdom, factsheet number 63712, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63712.
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