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.
Since 9/11, the Bombadier Aerospace Group that owns Shorts in Belfast has paid off around 2,000 workers. In October 2004, the company had a workforce of 5,600, making it the province's largest manufacturer. Plans made earlier also saw the addition of a further 560 jobs to be shed. On 25 October 2004, new plans have emerged that put a further 330 at risk. The company declared that further redundancies would be inevitable if Delta Airlines, which is seeking to fend off bankruptcy, cancelled its order for new aircraft. Belfast is in the running, however, to be the chosen location for a new aircraft programme under consideration by Bombardier.
Eurofound (2004), Shorts, Internal restructuring in United Kingdom, factsheet number 60714, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60714.