ST Aerospace restructure threatens 300 jobs

ST Aerospace has warned that 300 employees could be affected by a restructuring of its ST Aerospace Solutions (Europe) A/S subsidiary. The restructuring, which has been triggered by weak European market conditions, will affect “the utilization and workflow” of three Scandinavian facilities in Copenhagen, Oslo and Stockholm. “As part of this restructuring exercise, approximately 300 employees across functions could be affected,” ST Aerospace said in a statement. ...