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.
The US multinational General Electric Power, has announced a global restructuring of its energy business. This process will lead to the dismissal of 200 workers at its plant in Setúbal, Portugal, which manufactures boilers and 'smart' energy meters. The main reason is linked to the significant decrease in demand for thermoelectric power generation units.
Since 7 December 2017, the company has entered a consultation process with the unions. No timeline has yet been announced for the redundancies.
Eurofound (2017), General Electric, Internal restructuring in Portugal, factsheet number 93010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93010.