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.
Pharmaceutical company Bristol Laboratories has announced plans to create 300 jobs as part of a five year expansion plan in the North East of England. The company has recently acquired a new manufacturing site at the Whitehouse Business Park, Peterlee, County Durham. The site had previously been used for manufacture of household cleaning products.
The company which was established in 1997 operates a head office in Hertfordshire as well as a manufacturing plant in Luton, Bedfordshire and employs 320 people across these two sites. The expansion in the North East therefore will nearly double the firm's workforce. The firm currently makes common painkillers and antibiotics and supplies to the Department of Health. The new site will facilitate some product diversification.
Eurofound (2014), Bristol Laboratories, Business expansion in United Kingdom, factsheet number 77468, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77468.