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.
French global power and engineering firm Alstom announced its intention to reduce its workforce by 1,300 staff mainly in Europe in an attempt to increase its competitiveness.
According to the sources, the job reduction plan will possibly affect IT jobs in France, as well as the company’s coal-fired boiler business in Germany.
As reported, the job cuts will affect around 1.4% of the company’s workforce. Alstom currently employs around 93,000 staff, of which 18,000 in France.
The timeline for the restructuring is not yet available.
Eurofound (2013), Alstom, Internal restructuring in World, factsheet number 76140, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76140.
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