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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
200 jobs Number of planned job losses
Announcement Date
14 September 2005
Employment effect (start)
Foreseen end date
Description
Approximately 200 jobs are to be cut at the aircraft maintenance facility at Dublin airport owned by the Swiss firm SR Technics. The facility currently employs 1,200, and has struggled to make a profit in the face of increased competition from the Far East and Eastern Europe. The company is seeking the redundancies as part of a recovery plan. SR Technics acquired the facility for €47 million in 2004 from FLS Aerospace.
Sources
20 September 2015: The Irish Times
Citation
Eurofound (2005), SR Technics Ireland, Internal restructuring in Ireland, factsheet number 62241, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62241.
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