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.
Rolls-Royce and Lufthansa Technik announced that a site near Erfurt in Thuringia, Germany, will be the location of their €100 million aero engine overhaul joint venture. The facility will create around 500 jobs. Details of the facility are now being planned with construction work due to begin at the end of 2005, with completion expected at the end of 2006. The facility will have the capacity to handle 200 engines per year and in addition to engine servicing, the company will also offer the repair of engine parts.
Eurofound (2004), N3 Engine Overhaul Services, Business expansion in Germany, factsheet number 62027, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62027.