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.
The business aviation services company Jet Aviation announced a restructuring plan, which will result in the loss of 220 to 260 jobs from a total of 1,300 currently employed, and 50 positions of temporary workers. It is reported that the main reason for the reductions is a reduction of orders resulting from losing an important customer.
This new restructuring happens after a first restructuring entailing 300 job cuts (see fact sheet). The management decided then to increase the working time from 42,5 hours to 45 without salary increase.
Jet Aviation is a Swiss company owned by the American company General Dynamics which employ around 5,100 employees to be able to cater client needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. Around 60% of the employees working in the Basel-Mulhouse Airport site of the company are French workers (crossboader workers) while some 20% of them are from Germany.
Eurofound (2012), Jet Aviation, Internal restructuring in France, factsheet number 73640, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73640.