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.
Dutch defence systems maker Thales Hengelo will cut 329 jobs and forced redundancies will concern 251 employees. The restructuring is a result of the reduced global spending on defence projects and an adjustment of the company's organisation. Thales Hengelo decided a few months ago to spin off several units, which employ 400 people. After the restructuring Thales Hengelo will employ some 1,200. The company is a unit of French defence electronics group Thales.
Eurofound (2006), Thales Hengelo, Internal restructuring in Netherlands, factsheet number 62808, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62808.