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
150 jobs Number of planned job losses
Announcement Date
21 December 2006
Employment effect (start)
21 December 2006
Foreseen end date
21 December 2006
Description
Almost 150 workers at an aviation service business in Dorset have lost their jobs.
Staff at Bournemouth Aviation Services Company Ltd (Basco), based at the town's airport, were told on Thursday morning the firm would close at midday.
The news follows a 90-day consultation period on the future of the company, which maintains commercial aircraft.
Staff working at the business for less than two years will not be entitled to any redundancy pay.
Singapore Technologies Aerospace Ltd, the company which owns Basco, said in a statement that the closure was not expected to have any impact on its share price.
Sources
21 December 2006: BBC Website
Citation
Eurofound (2006), Bournemouth Aviation Services Company Ltd (Basco), Closure in United Kingdom, factsheet number 64680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64680.
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