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.
Canadian manufacturer Bombardier is to cut 560 jobs at Britain's only remaining train manufaturing plant in Derby. A spokeswoman for Bombardier in the UK maintained the latest job cuts were a "worst-case scenario" and would only go ahead if it was unsuccessful in winning new export orders from South Africa and Ireland.
The workforce of the Derby plant will fall by a third to 1,386. There will also be 165 redundancies in Ilford, where Bombardier maintains its trains, taking the total cuts in Britain to 750. The Montreal-based group is shedding 2,200 transport jobs worldwide.
Bombardier's French competitor, Alstom, closed its UK plant at Washwood Heath, Birmingham, this year with the loss of 1,000 jobs.
Eurofound (2004), Bombardier, Closure in United Kingdom, factsheet number 60799, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60799.