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
450 jobs Number of planned job losses
Announcement Date
8 March 2024
Employment effect (start)
8 March 2024
Foreseen end date
31 July 2024
Description
General Electric, an American manufacturer of wind turbines, is reducing its workforce by cutting 450 temporary workers, subcontractors, and service providers jobs, at its nacelles factory in Montoir (Loire-Atlantique). This restructuring is attributed to logistical challenges, particularly the lack of transportation options via boats, which has significantly impacted their ability to ship nacelles, especially to the North Sea. Of the 50 nacelles intended for the United Kingdom, only 15 have been shipped, and 70% of the order remains in Montoir.
As a result of these challenges, the company will slow down production at the factory. The remaining workforce will now operate at a reduced capacity, with production being cut by 2/8 and a halt on weekend work. Additionally, there will be no production during the summer, and no contracts have been signed for 2026.
The workforce at Montoir-de-Bretagne was already cut by 140 roles in September 2024: General Electric 2024 - FR. The site currently employs 939 workers. 489 are expected to remain after the restructuring.
Eurofound (2024), General Electric, Internal restructuring in France, factsheet number 202082, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202082.
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