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 (24 - 25) Manufacture of metals 25.3 - Manufacture of weapons and ammunition 25.3 - Manufacture of weapons and ammunition
760 jobs Number of planned job losses
Announcement Date
2 April 2004
Employment effect (start)
Foreseen end date
Description
BAE Systems are rationalising jobs at their nuclear submarine yard at Barrow in Furness. The company is seeking to lose 760 jobs over the next year. Unions have criticised the move, saying it will have a devastating effect on the region.
Citation
Eurofound (2004), BAE Systems, Internal restructuring in United Kingdom, factsheet number 60298, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60298.