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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric power generation, transmission and distribution
570 jobs Number of planned job losses
Announcement Date
13 January 2016
Employment effect (start)
Foreseen end date
Description
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.
Sources
13 January 2016: Sky news
Citation
Eurofound (2016), General Electric, Internal restructuring in United Kingdom, factsheet number 86244, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86244.
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