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-Bombardier, Northern Ireland's largest manufacturing firm, said it 'regretted' the need for 560 job cuts but blamed the serious downturn in the airline sector. The Amicus union said it recognised Shorts faced problems with the US airlines that make up much of its customer base, but it was essential to maintain a world class capability in Belfast.
In February 2005 Shorts announced that 280 jobs are to go as the result of cutbacks announced in the autumn. The east Belfast company announced at the start of October that its 5,500-strong workforce would face significant cuts after a number of its biggest customers ran into financial difficulties.
Eurofound (2004), Shorts, Internal restructuring in United Kingdom, factsheet number 60628, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60628.