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 - Manufacture of machinery and equipment n.e.c.
1,300 jobs Number of planned job losses
Announcement Date
6 November 2013
Employment effect (start)
Foreseen end date
Description
French global power and engineering firm Alstom announced its intention to reduce its workforce by 1,300 staff mainly in Europe in an attempt to increase its competitiveness.
According to the sources, the job reduction plan will possibly affect IT jobs in France, as well as the company’s coal-fired boiler business in Germany.
As reported, the job cuts will affect around 1.4% of the company’s workforce. Alstom currently employs around 93,000 staff, of which 18,000 in France.
The timeline for the restructuring is not yet available.
Sources
6 November 2013: Reuters
6 November 2013: Financial Times
6 November 2013: The Wall Street Journal
Citation
Eurofound (2013), Alstom, Internal restructuring in World, factsheet number 76140, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76140.
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