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
305 jobs Number of planned job losses
Announcement Date
6 July 2005
Employment effect (start)
Foreseen end date
31 December 2008
Description
The Devonport Naval Base will be cutting more than 300 jobs within the next three years. This is the base for refitting the UK's fleet of nuclear-powered submarines, says it needs to shed 114 civilian and 191 military workers. The losses, which represents about a quarter of the workforce, are part of a national cost-cutting exercise. Unions say they hope the jobs can be shed through natural wastage with voluntary redundancies a last resort.
Sources
6 July 2005: BBC News
Citation
Eurofound (2005), Devonport Naval Base, Internal restructuring in United Kingdom, factsheet number 61918, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61918.
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