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. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
236 jobs Number of planned job losses
Announcement Date
13 January 2016
Employment effect (start)
Foreseen end date
31 December 2017
Description
General Electric (Ge) is an American multinational conglomerate corporation operating in technology and service industry, is to dismiss 236 employees at its site in Sesto San Giovanni (Milan).
The dismissals are part of a wider industrial plan, entailing 6,500 job cuts in Europe at power generation and electricity transmission sites acquired from Alstom in November 2015. The management attributed the decision to cut the jobs to the sharp decline in demand for gas turbines over the last years. In Italy, the site in Sesto San Giovanni will cease production of turbines and stator bars and reduce administrative activities, product design and maintenance services.
According to the national coordinator of the Fim-Cisl union for Alstom, about 211 dismissals will take place in 2016 and the remaining 25 in 2017. The plan is deemed by the union as 'unacceptable' and 'irrational', and hinted that it could involve the delocalisation of activities to Poland and Romania.
On 15 January workers went on strike against the layoffs and organised demonstrations. In the meantime the Lombardy regional Council approved a motion for the intervention of the government in the negotiations. Both the local administration and trade unions seek to achieve an agreement with the company in order to maintain production and employment.
Sources
13 January 2016: Milano Finanza
13 January 2016: La Stampa
13 January 2016: Il corriere della sera
14 January 2016: Rassegna
Citation
Eurofound (2016), General Electric, Internal restructuring in Italy, factsheet number 86206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86206.
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