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.
Airbus Defence and Space, one of the three divisions of the Airbus Group, has announced a reorganisation that will result in 2,362 job cuts in Europe by the end of 2021. At a European works council meeting, Airbus Defence and Space said that 829 positions will be cut in Germany, 630 in Spain, 404 in France, 357 in the United Kingdom and 142 in other countries. The details of these job cuts (possible seniority related measures, internal reemployment or voluntary departure plan) will be the subject of future discussions with the employees' representative organisations.
Eurofound (2020), Airbus Defence and Space, Internal restructuring in European Union, factsheet number 99820, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99820.