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.
Airbus Nantes, part of European aircraft manufacturer Airbus, has announced plans to invest 500 millions Euros in its plant in Nantes, thus creating 3,000 jobs over the next five years. The factory Airbus Nantes currently employs 2,020 people. The plant's management said that there are concerns in Europe over the transfer of Airbus operations abroad to cope with the impact of the weakening US Dollar. In February 2007, the CEO of European aircraft manufacturer Airbus announced its restructuring plan, 'Power 8'. The company was planning to cut 3,700 jobs. Airbus is part of European Aeronautic Defence & Space Co.
Eurofound (2008), Airbus, Business expansion in France, factsheet number 66219, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66219.