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.
A 25-year plan to turn Scotland's busiest airport into a 'world class gateway' has been unveiled. Bosses at the BAA Scotland-operated Glasgow Airport will spend 290 million GBP transforming the site.
The development, which includes a 25 million GBP terminal expansion, is expected to create up to 4,000 jobs. The plan will focus on the terminal and airfield facilities needed by 2030, when passenger volume is forecast to treble to more than 24 million.
The airport currently handles about 8.8 million passengers a year, who fly to 90 destinations around the world. Airport managing director Alan Barr said the plan would boost Scottish business and tourism and revolutionise the way people travel to and from Glasgow.
Philip Riddle, VisitScotland's chief executive, welcomed the plans, saying that 'Scotland has seen an encouraging growth in international visitors over the last five years but we need to remain competitive to ensure that growth continues.'
Glasgow Chamber of Commerce chief executive Lesley Sawers said: 'This major investment shows the confidence that the BAA has in Scotland and it is essential for the continuing growth of Glasgow's economy.'
Eurofound (2006), Glasgow Airport, Business expansion in United Kingdom, factsheet number 64244, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64244.
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