EMCC European Monitoring Centre on Change

Wynyard Limited

Company/Organisation:
Wynyard Limited

Geographic Location

Country: United Kingdom
Region: Tyneside; Northumberland and Tyne and Wear; North East
Location of affected unit(s): Billingham

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
45 - Wholesale and retail trade and repair of motor vehicles and motorcycles

Employment Effects

Announcement Date: 17-11-2004
Type of Restructuring: Business expansion
Planned Job Creation: 800

Additional Information

Wynyard Limited has said that hundreds of jobs are being created at the site of a former Teesside electronics plant which closed earlier this year. South Korean-based Samsung closed its factory at Wynyard, near Billingham, in April 2004 with the loss of 400 jobs. The site was purchased by local firm Wynyard Limited, which is developing it as a business park. Now it has revealed the creation of up to 800 new jobs with the first phase of the site's redevelopment. "These will be real jobs and there has not been any public money involved in attracting these companies here."