GE announces plans to cut 6,500 jobs in Europe

General Electric has announced plans to cut 6,500 jobs from energy units formerly held by Alstom, which the US giant purchased last year.

The bulk of job losses are earmarked for Switzerland, with 1,300 layoffs expected while 765 jobs will go in France. The BBC reported that 600 jobs may go in the UK.
Jeff Immelt
To secure the Alstom deal last year, GE, heded by Jeff Immelt, had soothed French government concerns by pledging to create 1,000 jobs in the country. A GE spokesman said the company would stick to its pledge, creating the roles in the next three years.

In Europe as a whole, staff in Alstom's renewables, power services and energy management divisions could be affected. A spokesman said unions had been informed.

GE's takeover of Alstom's energy business - which includes gas and steam turbines, wind turbines, turbines for hydro dams and power grids - added about 65,000 employees to GE's workforce of about 305,000.

The head of GE's power division said in September the company would seek to make $3bn (£2bn) in cost savings over five years from the Alstom acquisition.

 



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