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.
Almost 150 workers at an aviation service business in Dorset have lost their jobs.
Staff at Bournemouth Aviation Services Company Ltd (Basco), based at the town's airport, were told on Thursday morning the firm would close at midday.
The news follows a 90-day consultation period on the future of the company, which maintains commercial aircraft.
Staff working at the business for less than two years will not be entitled to any redundancy pay.
Singapore Technologies Aerospace Ltd, the company which owns Basco, said in a statement that the closure was not expected to have any impact on its share price.
Eurofound (2006), Bournemouth Aviation Services Company Ltd (Basco), Closure in United Kingdom, factsheet number 64680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64680.
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