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.
Xeos, a joint venture created by Lufthansa and General Electric, has announced that it will create 120 jobs at the factory in Środa Śląska (Legnica Special Economic Zone, Poland) by the end of 2017; in total about 500 positions are expected to be created by the end of 2022.
The factory is expected to be operational in September 2017, but Xeos is to start a recruitment process in December 2016 as the company plans to provide special training for hired employees in 2017. The company has revealed that the training programme will cost EUR 15 million as Xeos needs highly qualified workers.
The company plans to invest EUR 250 million in the aircraft maintenance plant: the plant will deal with servicing and maintenance of GE’s engines and it will specialise in servicing GEnc28 used in Boeings 747-8 and as of 2021 the plant will also deal with GE9X engines used in Boeing 777X.
Eurofound (2016), Xeos, Business expansion in Poland, factsheet number 89430, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89430.