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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
200 jobs Number of planned job losses
Announcement Date
6 November 2014
Employment effect (start)
6 November 2014
Foreseen end date
Description
General Turbo, manufacturer of turbines and generators for the energy industry, is to cut 200 jobs at its unit located in Bucharest. According to the sources, the dismissal plan is caused by a decline in demand on local and international markets. General Turbo is a local supplier for Nuclearelectrica, Rovinari, Craiova and Turceni thermal power plants, but also for international clients, such as General Electric, Siemens, E.ON, Ansaldo and Voestalpine.
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Sources
6 November 2014: Wall-Street
7 November 2014: Romania-insider
Citation
Eurofound (2014), General Turbo, Internal restructuring in Romania, factsheet number 77803, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77803.
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