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.
GE Vernova, which is part of the American General Electric group, is cutting 120 jobs in France as part of a Europe-wide restructuring of 600 jobs. The cuts will mostly affect support departments such as human resources and financial services. 42 of these cuts will take place at its site in Belfort. In order to implement this quickly, the management is putting in place a collective contractual termination instead of a job protection plan.
In 2024, GE Vernova previously cut 740 jobs in Europe General Electric Vernova 2024 - FR.
GE Vernova employs a total of 25 000 people in Europe, and 8 000 in France.
Eurofound (2025), GE Vernova, Internal restructuring in France, factsheet number 203288, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203288.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
