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.
Canadian manufacturer of trains and railway equipment Bombardier Transportation announced a job reduction of 250 in Västerås, Sweden. This is to affect 50 consultants, and 200 employees.
According to Bombardier Transportation, the internal restructuring is due to an increasing level of competition in the international railway sector while there is a lowering of demand.
Some employees will be offered to continue to work at Bombardier Transportation as consultants.
The ERM has reported on previous restructuring events at Bombardier Transportation in 2013, 2008, 2004, 2003 and 2002.
Eurofound (2014), Bombardier Transportation, Internal restructuring in Sweden, factsheet number 76756, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76756.