Company detailsCompany name: McLaren Technology GroupCompany country: United KingdomNumber of employees: 3178Sector: C - ManufacturingSector detail: C29 - Manufacture of motor vehicles, trailers and semi-trailersSub-sectors: C29.1.0 - Manufacture of motor vehicles Reshoring detailsReshoring announcement date: 08/02/2017Starting implementation date: January, 2017End of Implementation : December, 2020Reshored to: United KingdomLocation of affected unit(s): SheffieldLocation code: UKE32 Reshored business function: ProductionReshoring governance mode: In house (in own facilities)Estimated job gains: 200Reasons for reshoring: Changes in taxationProximity to suppliersQuality controlCase narrative: McLaren is an multinational automotive company based in UK. In 2017, the company invested around £50 million in a new plant in Sheffield (UK) where it relocated the production of carbon-fibre “tubs” earlier offshored to Austria. The decision will create around 200 new job positions by 2020. The main reasons for relocation decision were the higher control over the manufacturing processes, and the protection from any tariffs related to the imminent Brexit. Sources: The telegraph, 08/02/2017 The manufacturer 13/02/2018 Daily mail 30/05/2018 Sources link: https://www.telegraph.co.uk/business/2017/02/08/mclaren-reshores-work-op... https://www.themanufacturer.com/articles/mclaren-automotive-the-power-of... http://www.dailymail.co.uk/money/markets/article-5788015/McLaren-handed-... Offshoring detailsOffshoring location: AustriaOffshored business function: ProductionOffshoring governance mode: In house (in own facilities)
