GE Cutting 6,500 Jobs In Europe

GE acquired the power division of the French manufacturer for $17 billion last year and cuts were widely anticipated in the deal's aftermath.

(AP Photo)
(AP Photo)

General Electric will cut 6,500 jobs in Europe in the wake of its acquisition of Alstom's power and transmission operations.

GE acquired the power division of the French manufacturer for $17 billion last year and cuts were widely anticipated in the deal's aftermath.

The reductions will be implemented across the continent, primarily in human resources, communications and other support functions. More than 1,000 cuts are likely in both Germany and Switzerland.

(AP Photo)(AP Photo)

France, meanwhile, could see more than 700 job losses. The French government signed off on the GE-Alstom deal in part because GE pledged to create 1,000 jobs over the following three years. GE said that it would fulfill that promise by creating new positions elsewhere in the country.

The cuts are scheduled to take place over the next two years and are subject to change following discussions with union representatives.

Further reductions in GE's workforce in the Americas, Asia and Africa are likely as the company aims to save $3 billion within five years of the Alstom deal.

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