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 - Manufacture of other transport equipment
400 jobs Number of planned job losses
Announcement Date
18 March 2004
Employment effect (start)
1 March 2004
Foreseen end date
1 May 2004
Description
The Canadian company Bombardier, the biggest manufacturer of locomotives worldwide, will reduce its workforce by 6,600 and close up seven plants in Europe: 3 plants in the United Kingdom, 1 plant in Germany, 1 plant in Switzerland, 1 plant in Sweden and 1 plant in Portugal. In Portugal, the measure will affect 400 workers. According to management, there will be no collective dismissal, as they will resort to voluntary departures accompanied by special benefits. The reason of this measure is the lack of orders of material of railroad transport in the next 3 to 5 years. The global restructuring of the group represents 18.5% of its workforce in the Transportation section of Bombardier.
Sources
18 March 2004: Público
Citation
Eurofound (2004), Bombardier Transportation, Closure in Portugal, factsheet number 59272, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59272.
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