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.
Canadian aerospace company Bombardier has announced plans to cut between 220 and 280 production line jobs at its factory in Belfast in Northern Ireland. While some of the permanent workforce is likely to be retrenched, many of the affected workers are employed on temporary contracts or through labour hire agencies.
Bombardier is one of the largest employers in Northern Ireland. Before this announced reduction in its workforce, there were approximately 5,000 permanent and 1,000 temporary and contract staff employed at its base in Belfast. This latest reduction in Bombardier’s workforce in Belfast is due to a fall in demand for comes on top of 130 jobs being lost in February and 390 jobs being lost in September 2014 (see factsheet of 10 September 2014). The company has reported that it hopes to minimise the total number of job losses by exploring whether workers can be transfer to other parts of the business. The job losses in Belfast will occur in addition to a significant reduction in the Canadian workforce, where it is anticipated that a total of around 1750 jobs will be cut across Montreal and Toronto in Canada as well as in Belfast.
Eurofound (2015), Bombardier Aerospace, Internal restructuring in United Kingdom, factsheet number 83067, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83067.
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