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 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.
Eurofound (2017), General Electric, Offshoring/Delocalisation in Finland, factsheet number 92746, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92746.
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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