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 (29 - 30) Manufacture for transport equipment 30 - Manufacture of other transport equipment 30 - Manufacture of other transport equipment
95 jobs Number of planned job losses
Announcement Date
10 September 2009
Employment effect (start)
Foreseen end date
Description
Alcoa Howmet, a US manufacturer of turbine airfoils, announced plans to cut up tp 95 jobs in Exeter. The cuts were blamed on a 'big decline in orders'. Unite the union said that they would try to reduce the number of compulsory redundancies. As of November 2009 no date has been given for the implementation of the cuts.
Sources
10 September 2009: BBC News
Citation
Eurofound (2009), Alcoa Howmet, Internal restructuring in United Kingdom, factsheet number 69831, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69831.