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.
On 29 January 2009, Boeing, the world´s leading aerospace company, announced that its previously announced job cuts will be more drastic affecting 10,000 workers (instead of 4,500) throughout 2009. The restructuring is a part of an effort to ensure competitiveness and control costs in the face of a weakening global economy. Even as the company makes plans to downsize, it is expecting to keep engineers and assembly-line staff on the job. The cuts in the commercial plane unit are expected to fall largely on support and administrative staff. Boeing currently employs more than 160,000 people worldwide.
Eurofound (2009), Boeing, Internal restructuring in World, factsheet number 67787, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67787.