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.
Bookham Technology has announced the decision as part of its transfer of business to China. The decision means 150 jobs are to go at a fibre-optics plant in Paignton south Devon. The transfer from Paignton to China will take place over the next nine months. The 200 staff who will remain at the site will be focusing largely on research and development, the company said. In its heyday, when the plant was owned by Nortel Networks, almost 5,000 people were employed at the Paignton site. But by 2002, when Bookham Technology took over, 4,000 of those jobs had gone. In 2004, Bookham announced that it was shifting manufacturing to China and 600 jobs would go as a result.
Eurofound (2005), Bookham Technology, Offshoring/Delocalisation in United Kingdom, factsheet number 62648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62648.