GE Vernova

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
France, other locations
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
900 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2024), GE Vernova, Internal restructuring in World, factsheet number 201681, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201681.