General Electric Steam Power France

Type
Merger/Acquisition
Country
France
Region
Grand Est; Franche-Comté; Territoire de Belfort
Location of affected unit(s)
Massy (Essonne), La Courneuve (Seine-Saint-Denis), Boulogne-Billancourt (Hauts-de-Seine), Belfort
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.9 - Manufacture of other electrical equipment
27.90 - Manufacture of other electrical equipment
107 jobs
Number of planned job losses
Job loss
Announcement Date
7 April 2022
Employment effect (start)
7 April 2022
Foreseen end date

Description

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.

Sources

Citation

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.