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.
South East; Hampshire and Isle of Wight; Portsmouth
Location of affected unit(s)
Portsmouth
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
135 jobs Number of planned job losses
Announcement Date
20 November 2008
Employment effect (start)
Foreseen end date
Description
BVT Surface Fleet International, a shipbuilder, has announced that it will cut 135 jobs in the UK, with 100 being lost at the company’s site in Portsmouth. The company stated that it was attempting to reduce duplication of jobs throughout its business, a problem that had been experienced since the company was formed in July 2008 as a joint venture between BAe Systems and VT Group. As of 23 November 2008, no further information has been given as to where the remaining 35 jobs will be lost, or when these cuts will occur.
Sources
20 November 2008: BBC News
Citation
Eurofound (2008), BVT Surface Fleet International, Internal restructuring in United Kingdom, factsheet number 67432, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67432.
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