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 For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture of air and spacecraft and related machinery
175 jobs Number of planned job losses
Announcement Date
26 October 2020
Employment effect (start)
31 October 2020
Foreseen end date
Description
Airborne Technical Components, a Belgian manufacturer of aircraft components has announced it will be dismissing a significant part of its total workforce. The COVID-19 crisis is the main factor in these decisions to try and save the company. The entire air travel sector has been impacted significantly by the crisis via restrictions on flying with corresponding declines in production and maintenance activity. Despite the extent of the measures, the company management states that even these do not assure that a total closure can be avoided in the future. Trade unions at the company were aware of the difficult commercial situation, but were nevertheless surprised by the extent of the dismissals.
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