European Aeronautic Defence and Space Company (EADS)

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Stevenage, Portsmouth, Newport
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
450 jobs
Number of planned job losses
Job loss
Announcement Date
9 December 2013
Employment effect (start)
Foreseen end date

Description

Aerospace and defence giant EADS has announced plans to cut up to 450 jobs in the UK as part of a corporate restructuring scheme.

As reported, the job losses are largely blamed on governments' military spending cuts. The UK job cuts (in Stevenage, Portsmouth and Newport) will be the result of the integration of the Astrium, Cassidian and Airbus Military divisions into a single unit. 

The cuts will be implemented over the next three years. EADS stated that it plans to implement most of the redundancies via voluntary means.

Sources

  • 9 December 2013: BBC News

Citation

Eurofound (2013), European Aeronautic Defence and Space Company (EADS), Internal restructuring in United Kingdom, factsheet number 76336, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76336.