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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.90 - Manufacture of other electrical equipment
1,225 jobs Number of planned job losses
Announcement Date
9 September 2020
Employment effect (start)
1 November 2020
Foreseen end date
Description
General Electric (GE) announced, before its European works council, its intention to restructure two divisions in Europe with an anticipated loss of 1,225 jobs. The divisions affected are that of equipment for dams (hydro) and for electrical networks (grid), which currently "generate significant financial losses" according to management. 753 job cuts are announced in France. General Electric also announced it would close a Swiss site. GE Grid Solutions, a unit of with 436 employees, will cease operations at its Oberentfelden site.
Eurofound (2020), General Electric, Internal restructuring in World, factsheet number 101794, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101794.
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