EADS (European Aeronautic Defence and Space)

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
962 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2003
Employment effect (start)
Foreseen end date
1 December 2004

Description

The European Aeronautic Defence and Space (EADS) launched a new Europe-wide restructuring plan affecting 962 jobs. 'Sara II' is the second plan of the company since the beginning of the year. The plan affects heavily the 'launchers' department.

'Restructuring plans are design in order to adapt the company to the actual market situation', following Philippe Camus president of EADS.

Sources

  • 3 July 2003: Les Echos

Citation

Eurofound (2003), EADS (European Aeronautic Defence and Space), Internal restructuring in European Union, factsheet number 60181, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60181.