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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.40 - Manufacture of weapons and ammunition
130 jobs Number of planned job creations
Announcement Date
14 January 2017
Employment effect (start)
Foreseen end date
Description
BAE Systems has been awarded a contract to supply the Indian army with field guns which will result in the creation of 130 jobs at its site in Barrow, Cumbria. Further jobs are expected to be created in the supply chain across the UK. The GBP 445 million (€524 million) contract is being let by the U.S. Government as part of its commitment to invest in other countries defence programmes. Work on the new contract will begin immediately, with first deliveries of the weapons scheduled for June 2017.
Sources
14 January 2017: North West Evening Mail
14 January 2017: BBC Website
Citation
Eurofound (2017), BAE Systems, Business expansion in United Kingdom, factsheet number 89815, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89815.
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