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.
Alstom has announced it is to close their Eastleigh depot - with the loss of 540 jobs - by the end of 2005. It says the plant is running at only 50% capacity and there are not enough new orders to sustain the business. Alstom's operations director Rhys Jarvis, said: 'We very much regret having to announce the proposal to close the Eastleigh business. The market will not support the Eastleigh business in the future - there just aren't the orders out there locally to keep the factory working profitably'. Alstom have two other depots at Glasgow and Wolverton.
Eurofound (2004), Alstom, Closure in United Kingdom, factsheet number 60911, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60911.