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22 February, 2001Belgian metal union believes General Electric's restructuring plans will affect most of Europe.
BELGIUM: The IMF-affiliated CSC-Métal, in Belgium, reports that on February 14, 2001, management at General Electric's power control division in Gent announced restructuring plans which will see the loss of 210 jobs out of a total workforce of 840. These job cuts will be spread over a period of six months, starting on April 1. CSC-Métal says that it will attempt to avoid outright layoffs through negotiating early retirement plans and a redistribution of working time.
The union believes that GE's move to restructure will cover most of Europe. Apparently other countries in Western Europe are also being targeted for restructuring, while production capacity for the group is being increased in Central and Eastern Europe, both at GE company level as well as at local subcontractors.
The union believes that GE's move to restructure will cover most of Europe. Apparently other countries in Western Europe are also being targeted for restructuring, while production capacity for the group is being increased in Central and Eastern Europe, both at GE company level as well as at local subcontractors.