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.
General Electric Steam Power France, the company that manufactures the Arabelle nuclear turbines purchased by EDF (Électricité de France S.A.- a French multinational electric utility company, largely owned by the French state) has announced to cut 107 positions following the acquisition of its Arabelle turbines by EDF. On the total workforce, 280 executives and technicians will remain with the US group General Electric (GE), while 107 jobs will be cut. The other 2,268 employees will be taken over by EDF.
Half of the job cuts will take place at the Belfort production plant, and the rest in the region Ile-de-France (Massy, La Courneuve, Boulogne-Billancourt). As part of the deal with EDF, GE will keep the coal-powered turbine maintenance activity, to follow-up ongoing contracts in Eastern Europe. GE has cut some 5,000 jobs in France since 2015.
Eurofound (2022), General Electric Steam Power France , Merger/Acquisition in France, factsheet number 106934, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106934.
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