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.
Aircraft manufacturer Bombardier has announced plans to cut 490 jobs from its operations in Belfast. The cuts are part of a worldwide restructure of the business which will result in a total of 5,000 jobs losses, and which is intended to ensure the firm's longer-term competitiveness. It is expected that the jobs will be cut during February or March 2019. The site at Belfast employs around 4,000 of the company's 5,500 Northern Ireland workforce where it produces wings for the C-series aircraft.
A spokesperson for the Unite union expressed sadness at the news and commented on the timing in the run up to Christmas. A representative of Bombardier pledged to avoid compulsory redundancies wherever possible.
Previous restructurings took place in 2016 (1,080 jobs lost) and 2015 (220 jobs lost).
Eurofound (2018), Bombardier, Internal restructuring in United Kingdom, factsheet number 96066, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96066.
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