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GE to cut 12,000 jobs in power business - Bloomberg
December 7, 2017 / 11:36 AM / 9 days ago

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.

FILE PHOTO - The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo

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. (bloom.bg/2BOAfLj)

Industry 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 Bengaluru; Editing by Bernard Orr

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