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.
Canadian firm Bombardier is to cut hundreds of jobs at its Crewe rail engineering works because the business is losing money. Unions had talked about 500 jobs going, and large-scale losses were expected at the Cheshire site. A spokesman for company told BBC News the job losses will go over the course of 2006. Although nearly all the cuts are at Crewe the company is also closing a small satellite unit at Swindon in Wiltshire with the loss of 11 jobs.
The latest cuts come on top of 1,200 jobs losses announced last year at UK plants mainly hitting Crewe and Derby, plus other sites in Yorkshire, Essex and Kent.
Eurofound (2005), Bombardier, Internal restructuring in United Kingdom, factsheet number 62493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62493.