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


(Reuters) - General Electric Co is planning to cut 12,000 jobs in its power business, Bloomberg reported on Thursday, citing a person familiar with the matter.The job cuts, which account for about 18 percent of GE Power's workforce, will mostly impact professional and production workers outside the United States, Bloomberg reported. ( sources told Reuters on Wednesday GE would cut 4,500 jobs in Europe, as it shrinks its troubled power generation business. GE confirmed substantial layoffs in Germany and Switzerland on Thursday. (Reporting by Arunima Banerjee in ...

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