Internal restructuring
United Kingdom
Location of affected unit(s)
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Warehousing And Support Activities For Transportation
52.21 - Service activities incidental to land transportation

200 jobs
Number of planned job losses
Job loss
Announcement Date
4 April 2005
Employment effect (start)
Foreseen end date


Hundreds of jobs will be cut and operations hived off after AEA Technology issued on 4 April 2005 its second profit warning this year and announced the departure of its chairman and chief executive, Peter Watson.

Shares in AEA, one of the last businesses to be privatised by the Conservatives, are struggling to cope with a £60 million debt and a £120 million pension fund hole. It now concentrates on rail contracting and environmental services but its transport activities have been hit by a reduction in business from Network Rail and others. About 200 staff - some 7% of the total - will be cut.


  • 5 April 2005: The Guardian


Eurofound (2005), AEA Technology, Internal restructuring in United Kingdom, factsheet number 61366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61366.