Restructuring events
European Restructuring Monitor (ERM)
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.
General Electric has initiated employer-employee negotiations aiming to cut 76 positions in Finland. This internal restructuring is part of the large scale restructuring of General electric following the takeover of Alstom. In total General electric aims to cut 6500 jobs in Europe. The internal restructuring in Finland will affect GE Power, GE Energy management and GE Renewable Energy. GE Healthcare, the largest unit in Finland with 750 employees, will not be affected by the restructuring.
Eurofound (2016), General Electric, Merger/Acquisition in Finland, factsheet number 86429, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86429.