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.
North East (England); Northumberland, Durham and Tyne & Wear; Tyneside
Location of affected unit(s)
Newcastle
Sector
Manufacturing (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
400 jobs Number of planned job losses
Announcement Date
29 August 2002
Employment effect (start)
Foreseen end date
Description
Merger with the American Group Westinghouse
Citation
Eurofound (2002), Power Generation, Merger/Acquisition in United Kingdom, factsheet number 59199, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59199.
