General Electric Co (GE.N) plans to cut as many as 4,500 jobs in Europe as the U.S. industrial conglomerate shrinks its troubled power generation business, a labor union source said on Tuesday.
GE did not confirm the numbers but said it was “reviewing its operations to ensure the business is best positioned to respond to our market realities and for long-term success.” The company had presented a proposal to the European body representing legacy Alstom employees, it added.
Last month, GE Power Chief Executive Russell Stokes said the company could reduce its global footprint by 30 percent.
Submitted December 07, 2017 at 09:56AM by Jerry_Callow http://ift.tt/2nF1FjF
