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.
GE (General Electric) Energy in France has announced a restructuring plan with 115 jobs cuts in its plant in Belfort, specialized in the manufacture of turbine for gas power station. The restructuring will affect 6% of the workforce, mainly engineers and managers (80 positions) and 35 technicians and employees. As the economic crisis decreased the demand of electricity, the main producers stopped their power station functioning with gas or coal or reduced their activities. The impact on GE Energy is that the company has seen its order book declining with a raise of its fixed cost. The management will propose voluntary departure and internal mobility to avoid direct dismissals.
Eurofound (2013), GE Energy, Internal restructuring in France, factsheet number 75088, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75088.