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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.1 - Manufacture of electronic components and boards
134 jobs Number of planned job losses
Announcement Date
7 December 2017
Employment effect (start)
Foreseen end date
Description
The American-owned conglomerate corporation General Electric (GE) is initiating employer-employee negotiations due to restructuring for economic reasons. Most of the proposed 200 job reductions would take effect in Tampere in the Myllypuro production plant and the FACTS-project unit in Vehmainen. A few jobs would also be lost in Helsinki. The company says it has to cut costs due to the big reform in the energy production sector and the tightening competition. Most of GE's 1,100 employees in Finland work at GE Healthcare, which is not included in the negotiations.
Update 20/06/2018:After concluded employer-employee negotiations, General Electric has decided to terminate 134 jobs in its Grid Solutions Oy company in Tampere. Grid Solutions operates in the field of manufacturing of electronic products and according to an article in Yle the company says that it will move the production of power grid infrastructure to the United States and Brazil. Grid Solutions Oy, part of US-based GE, had some 280 employees in 2016.
Sources
7 December 2017: YLE
20 June 2018: YLE
Citation
Eurofound (2017), General Electric, Internal restructuring in Finland, factsheet number 92746, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92746.
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