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GE to cut 12,000 jobs in power business - Bloomberg


(Reuters) - General Electric Co is planning to cut 12,000 in its power business, reported on Thursday, citing a person familiar with the matter.

The job cuts, which account for about 18 percent of Power's workforce, will mostly impact professional and production workers outside the United States, reported. (

Industry sources told on Wednesday would cut 4,500 in Europe, as it shrinks its troubled power generation business. confirmed substantial layoffs in Germany and Switzerland on Thursday.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Bernard Orr)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 17:02 IST