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.
Cambridge, Kirkbymoorside, Brize Norton and Birmingham
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture of air and spacecraft and related machinery
300 jobs Number of planned job losses
Announcement Date
27 September 2017
Employment effect (start)
Foreseen end date
Description
Marshall Aerospace has announced plans to cut 300 jobs, from its staff of more than 2,000 employees. The restructure is intended to make the business model more flexible and affordable. The company which is headquartered in Cambridge, with sites in Kirbymoorside, Brize Norton and Birmingham, manufactures and services aircrafts. The intended losses for each of the sites have not been reported. The news of the job cuts comes after a 13.5 million GBP defence contract award and a spokesperson for the unite trade union has therefore described the news as 'very disappointing'.
Sources
27 September 2017: BBC Website
28 September 2017: Insider Media
Citation
Eurofound (2017), Marshall Aerospace, Internal restructuring in United Kingdom, factsheet number 92315, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92315.
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