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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
68 jobs Number of planned job losses
Announcement Date
21 May 2012
Employment effect (start)
21 May 2012
Foreseen end date
1 April 2013
Description
As reported on May 21, 2012, German Canadian Aviation Electronics subsidiary CAE Elektronik will cut 68 of its 550 jobs until April 2013. This is due to a worsening order position and increasing competition in the market for flight simulators.
In August 2011, CAE Elektronik had initially announced to cut about 145 of 550 jobs, most of them engineers. Since a high number of employees voluntarily left the company, 68 jobs remain to be cut. Worldwide, CAE employ about 8,000 people.
Sources
21 May 2012: Aachener Zeitung (Online version)
15 August 2011: Aachener Zeitung (Online version)
Citation
Eurofound (2012), CAE Elektronik, Internal restructuring in Germany, factsheet number 73900, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73900.
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