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.
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.
Some manufacturing activities will be relocated to China and part of the engineering work to India. 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.
Several previous reorganisation are already recorded in the ERM Database: 1044 job cuts announced in September 2019; 400 job cuts announced in January 2019 ; 765 job cuts in 2016 with the announcement of 1,000 job creations that the group never reached ; and 150 job creations in 2016.
Eurofound (2020), General Electric, Internal restructuring in France, factsheet number 101685, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101685.