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
900 jobs Number of planned job losses
Announcement Date
19 September 2024
Employment effect (start)
19 September 2024
Foreseen end date
Description
GE Vernova, a manufacturer of wind turbines, has announced that it will cut about 900 jobs worldwide.
So far, the company has revealed that about 360 positions are expected to be cut in France GE Vernova-2024-FR. The layoffs are part of a global strategy to improve efficiency and profitability within the offshore wind sector. GE Vernova had presented a proposal for reducing the company’s size to its European Works Council, what is a necessary step before job cuts at European units.
GE Vernova employs about 75,000 employees worldwide.
Eurofound (2024), GE Vernova, Internal restructuring in World, factsheet number 201681, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201681.
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