General Turbo

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Bucureşti-Ilfov; Bucureşti
Location of affected unit(s)
Bucharest
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
200 jobs
Number of planned job losses
Job loss
Announcement Date
6 November 2014
Employment effect (start)
6 November 2014
Foreseen end date

Description

General Turbo, manufacturer of turbines and generators for the energy industry, is to cut 200 jobs at its unit located in Bucharest. According to the sources, the dismissal plan is caused by a decline in demand on local and international markets. General Turbo is a local supplier for Nuclearelectrica, Rovinari, Craiova and Turceni thermal power plants, but also for international clients, such as General Electric, Siemens, E.ON, Ansaldo and Voestalpine.

Sources

  • 6 November 2014: Wall-Street
  • 7 November 2014: Romania-insider

Citation

Eurofound (2014), General Turbo, Internal restructuring in Romania, factsheet number 77803, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77803.