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 Defence Aviation Repair Agency, (Dara), at St Athan where an £80 million fighter aircraft repair centre was opened just seven months ago, will lose 500 jobs it was revealed by Adam Ingram, the armed forces minister. He warned there would be a significant number of compulsory redundancies. The announcement provoked an outcry by union leaders. The site, where there is an £80 million hangar funded by UK taxpayers and the Welsh assembly, will shut by April 2007. The agency's engine maintenance business at Fleetlands, in Hampshire, will close, losing 225 jobs, while the helicopter repair business at Fleetlands and at Almondbank in Scotland will be market tested.
Eurofound (2005), Defence Aviation Repair Agency, Closure in United Kingdom, factsheet number 62496, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62496.