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.
GE Aviation, an aerospace engineering company, has announced that it plans to close its site in Cheltenham with the loss of 110 jobs. The job losses were blamed on increased competition, and the work will be relocated to the companies other centres. The majority of the work will be relocated to Wolverhampton and the Isle of Man but some activities will be relocated to China. The company promised to assist its staff in finding alternative employment locally or redeploying those affected. The company has begun a 90 day consultation period with the Union.
Eurofound (2008), GE Aviation, Relocation in United Kingdom, factsheet number 66801, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66801.