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.
On 4 October, 2010, Alstom (96000 employees) announced its plan to cut 4,000 jobs between now and March 2012. The restructuring, justified by overcapacity, concerns its power division (49000 employees) which manufactures electric turbines. Last year, the group had already reduced its global workforce by 5000 positions (6% of the workforce at the time), via the non-renewal of temporary contracts and the non-replacement of workers going on retirement. The countries the most affected by job losses are Germany, Switzerland and the United States. A European Works Council convened on October 18 will receive more details. Of the 4,000 positions involved, more than 1,000 would come from the non-renewal of temporary contracts and from the non-replacement of people leaving.
Eurofound (2010), Alstom, Internal restructuring in World, factsheet number 71006, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71006.
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