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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
251 - 329 jobs Number of planned job losses
Announcement Date
11 January 2006
Employment effect (start)
Foreseen end date
Description
Dutch defence systems maker Thales Hengelo will cut 329 jobs and forced redundancies will concern 251 employees. The restructuring is a result of the reduced global spending on defence projects and an adjustment of the company's organisation. Thales Hengelo decided a few months ago to spin off several units, which employ 400 people. After the restructuring Thales Hengelo will employ some 1,200. The company is a unit of French defence electronics group Thales.
Sources
11 January 2006: De Financiële Telegraaf
Citation
Eurofound (2006), Thales Hengelo, Internal restructuring in Netherlands, factsheet number 62808, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62808.
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