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.
The AirTanker consortium, has clinched a £13 billion contract to provide air-to-air refuelling services for the RAF yesterday. This deal will secure at least 7,500 jobs in the British aerospace industry. The private sector consortium said that the 27-year contract would "sustain" 3,000 jobs at the five companies that make up the AirTanker group, secure a further 4,000 jobs at suppliers and create 600 jobs.
The consortium, which is led by the European defence giant EADS and includes the British firms Rolls-Royce and Cobham, was finally named preferred bidder for the £13 billion contract by Geoff Hoon, the Defence Secretary, after a year of negotiations.
Eurofound (2005), AirTanker Consortium, Business expansion in United Kingdom, factsheet number 61201, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61201.