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.
Alstom, the French multinational rolling stock maker, has announced that it will cut up to 1,450 jobs worldwide over the next three years. It is restructuring after its acquisition of Bombardier's rail unit.
The restructuring programme will affect former Bombardier sites in Switzerland and Germany. Alstom is to cut up to 1,300 jobs in the train division in Germany, including sites in Hennigsdorf outside Berlin and Goerlitz. The production of trains in Germany will be partly moved abroad. At the same time, Alstom plans to create 700 new jobs in signalling technology and software businesses in Germany. At its Swiss unit in Villeneuve, the company is to cut 150 jobs; the unit will cease production and will provide only services work in the future. The conditions of the programme will be negotiated with employees’ representatives as the dismissals should be as socially acceptable as possible, and the restructuring will involve internal transfers, retraining measures, early retirement and severance packages.
Alstom Alstom operates in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives. Currently, the company employs about 75,000 people worldwide. Bombardier was acquired by Alstom in January 2021.
Eurofound (2021), Alstom, Merger/Acquisition in World, factsheet number 106081, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106081.
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