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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.90 - Manufacture of other electrical equipment
753 jobs Number of planned job losses
Announcement Date
9 September 2020
Employment effect (start)
1 October 2020
Foreseen end date
Description
The American group General Electric has announced a vast reorganisation in Europe with 1,225 job cuts, including 753 job cuts in France. Of these 753 job cuts, 618 positions concern the 'Grid Solutions' branch at the Villeurbanne (Rhône), Aix-les-Bains (Savoie), Saint-Priest (Métropole de Lyon) and Montpellier (Hérault) sites, while 135 positions will be cut in the Hydro branch at the Belfort (Territoire de Belfort) and Boulogne-Billancourt (Haut-de-Seine) sites.
This plan should mean the closure of the GE hydro site in Belfort where former Alstom employees work. Thus, 89 people are affected. 30 employees should receive a proposal to move to Grenoble (Isère), where another part of GE hydro is located. The hydro branch of General Electric is in charge of the design, installation and marketing of alternators for hydroelectric dams.
Eurofound (2020), General Electric, Internal restructuring in France, factsheet number 101685, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101685.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
