AgustaWestland

Type
Internal restructuring
Country
United Kingdom
Region
South West (England); North Somerset, Somerset and Dorset; Somerset
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
375 jobs
Number of planned job losses
Job loss
Announcement Date
7 October 2011
Employment effect (start)
Foreseen end date

Description

Helicopter maker AgustaWestland has announced plans to cut up to 375 jobs. The restructuring will affect mainly corporate and management roles in Yeovil and at Farnborough in Hampshire. The cuts are blamed on a decline in the number of export orders and the 'tightened' budget of the Ministry of Defense.   

Sources

  • 7 October 2011: BBC News

Citation

Eurofound (2011), AgustaWestland, Internal restructuring in United Kingdom, factsheet number 72517, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72517.