GE announces plans to cut jobs in Europe

28 January 2016


General Electric plans to cut 6500 jobs in Europe over the next two years, including 765 in France and 1300 in Switzerland, according to a company statement.

A GE spokesman in France said that GE was keeping its promise to create 1000 jobs net in France in the next three years as part of its acquisition of Alstom's energy business. He added that the company was looking at job cuts at its headquarters in Levallois and La Defense, but not at Belfort, the heart of Alstom's former energy unit. The relevant unions have been informed and talks will start almost immediately. The jobs concerned were mainly in support functions such as human resources, legal and communication.

"This is a plan, which could change following discussion with employee representatives," said a company spokesman. But he gave no details about which other countries would be affected. GE said in a separate statement that it had begun talks with workers in Switzerland, where 1300 jobs could be impacted by the measures. Those cuts were expected to be in the gas and steam power businesses, which have experienced a slump in recent years.
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 and significantly expanded GE's reach in the global market for power generation equipment.

The head of GE's power division said in September the company would seek to 'wring out' $3 billion in cost savings over five years from the Alstom acquisition.

Source: Modern Power Systems



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.