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.
Defence company BAE Systems has announced that it plans to cut 642 UK jobs over the next two years because of a downturn in its workload. The jobs will be cut within its Integrated System Technologies Business, which produces surveillance and command systems.
220 jobs will be lost at Broadoak, Portsmouth; 86 at Chelmsford, Essex; 23 at Christchurch, Dorset; 125 at Cowes, Isle of Wight; 10 at Filton, Bristol; 99 at Frimley, Surrey; 53 at Hillend, Fife; 22 at New Malden, Surrey and 5 in other parts of the country. The Confederation of Shipbuilding and Engineering Unions expressed its concern at the loss of skilled jobs in the UK.
BAE has a worldwide workforce of 105,000 people, 32,600 of whom work within the UK.
Eurofound (2009), BAE Systems, Internal restructuring in United Kingdom, factsheet number 69939, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69939.