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 activity of EADS second-largest subsidiary, helicopter manufacturer Eurocopter, is growing beyond expectations due to an increasing demand on part of the military. Eurocopter has announced that it is to increase its German and French workforce by 1,200 in 2006 to cope with orders for the helicopter gunship Tiger and the helicopter NH 90 (transport of military goods). Some 500 of these new jobs will be created at Eurocopters largest German plant at Donauwörth.
Eurocopter employs a European workforce of 10,849: 4,199 in Germany, 6,400 in France and 250 at one Spanish plant.
Eurocopter was founded in 1992 by a merger of German DaimlerChrysler Aerospace and French Aerospatiale-Matra. It is specialised in helicopter gunships (military orders amount to about 50% of the business), helicopters for police forces, for operational air reconnaissance and for rescue services. Competing with the Italian company AgustaWestland and the US-based Bell, Sikorsky and Boeing, the EADS-subsidiary has lately been gaining market shares due to an increase of orders by the military and, to a smaller extent, by oil companies. It is expected that the demand for helicopters will increase in line with more European troops sent abroad.
Eurofound (2006), Eurocopter, Business expansion in Germany, factsheet number 64315, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64315.
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