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
200 jobs Number of planned job losses
Announcement Date
20 November 2008
Employment effect (start)
Foreseen end date
Description
BAe Systems, a company that operates in the defence sector, has announced that it is to cut 200 jobs across its UK sites. The cuts will affect the sites at Leeds, Newcastle, Leicester, Barrow and Telford. The company attributed the job losses to reduced spending from the Ministry of Defence. As of 23 November 2008, it is not known when these jobs will be lost, or how many of the company’s 97500 worldwide employees work at these sites, although the company has already set up a voluntary redundancy programme.
Sources
20 November 2008: The Guardian
21 November 2008: Financial Times
20 November 2008: BBC News
Citation
Eurofound (2008), BAE Systems, Internal restructuring in United Kingdom, factsheet number 67425, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67425.
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