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.
US owned multinational General Electric has announced plans to restructure its operations across Europe. In total 6,500 jobs will be cut, of which 570 are expected to be lost from the UK part of the business. The job losses in the UK mean that the company will cut approximately 3% of its 22,000 strong workforce. It is understood that the job cuts follow General Electric's take over of French power company Alstom in November 2015. It is not known when the job cuts in the UK will take place.
Eurofound (2016), General Electric, Merger/Acquisition in United Kingdom, factsheet number 86244, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86244.