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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.2 - Manufacture of gas; distribution of gaseous fuels through mains
60,000 jobs Number of planned job creations
Announcement Date
24 October 2007
Employment effect (start)
1 January 2008
Foreseen end date
31 December 2013
Description
Following the merger of the energy companies Gaz de France (GdF) and Suez, it has been announced that the newly merged entity will create 60,000 new jobs in France between January 2008 and December 2013. The Chief Executive Officer of the merged firm made the announcement on 24th October 2007, and it has also been stated that the newly merged firm will focus especially on the gas supply market. The new jobs will require employees with high levels of educational attainment. The announcement of the creation of the new jobs is a result of the benefits that both firms have gained through the merger. The firms hope that synergies arising from the merger will result in substantial savings for both companies, and it has been estimated that the firms will save 600 million EUR by 2012.
Sources
29 October 2007: Le Figaro
25 October 2007: Le Parisien
25 October 2007: Le Monde
25 October 2007: AFP
Citation
Eurofound (2007), GDF-Suez, Merger/Acquisition in France, factsheet number 65979, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65979.
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