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.
Germany, Switzerland, United States, France, Norway, UK, Hungary,
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
4,000 jobs Number of planned job losses
Announcement Date
4 October 2010
Employment effect (start)
4 October 2010
Foreseen end date
1 March 2012
Description
On 4 October, 2010, Alstom (96000 employees) announced its plan to cut 4,000 jobs between now and March 2012. The restructuring, justified by overcapacity, concerns its power division (49000 employees) which manufactures electric turbines. Last year, the group had already reduced its global workforce by 5000 positions (6% of the workforce at the time), via the non-renewal of temporary contracts and the non-replacement of workers going on retirement. The countries the most affected by job losses are Germany, Switzerland and the United States. A European Works Council convened on October 18 will receive more details. Of the 4,000 positions involved, more than 1,000 would come from the non-renewal of temporary contracts and from the non-replacement of people leaving.
Eurofound (2010), Alstom, Internal restructuring in World, factsheet number 71006, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71006.
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