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.
Defence technology company QinetiQ has announced plans to cut jobs at its site in Boscombe Down, Wiltshire. The company has identified 251 positions out of its total number of workers of 1,300 as at risk, though it is understood that the total number of redundancies will be 111. The decision to make staff redundant follows the announcement that the site will no longer be used to service military aircraft, but will instead maintain a civilian fleet. It is being reported that some roles will be dismissed in three months time, whereas for others the dismissals will take place over eighteen months.
Eurofound (2017), QinetiQ, Internal restructuring in United Kingdom, factsheet number 92195, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92195.