Alstom

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Germany, France, other locations
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - 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
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/76140.