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.
Shorts, the aerospace company owned by Bombardier, has announced the possible loss of 1,180 jobs on top of the 1,300 it has already lost since September 11 (see previous factsheets).
On 14 August 2003, 600 had already left the company, and a further 300 redundancies were planned. On 27 November 2003, the company employed 5,600 employees (i.e. the 300 redundancies had not yet occurred), but unions still feared for additional job cuts.
Eurofound (2003), Shorts, Internal restructuring in United Kingdom, factsheet number 59786, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59786.