You are here: Home » International » News » Companies
Business Standard

General Electric to cut 4,500 jobs in Europe: Source

A labor union source confirmed the layoff numbers to Reuters on Wednesday and said an official announcement was expected as early as Thursday

Rueters 

General Electric Co plans to cut 4,500 jobs in Europe, the first numbers to emerge on layoffs from the US industrial conglomerate since it outlined plans to restructure and shed units last month. The cuts, which are linked to businesses GE bought from France's Alstom in 2015, will affect employees in Switzerland, Germany and Britain, said French newspaper Les Echos, which first reported the news on Tuesday. A labor union source confirmed the layoff numbers to Reuters on Wednesday and said an official announcement was expected as early as Thursday. GE did not confirm the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 06 2017. 22:43 IST
RECOMMENDED FOR YOU