GE takeover deal set to cut thousands of European jobs

Posted on 14 Jan 2016 by Aiden Burgess

General Electric has announced that it plans to cut up to 6,500 jobs in Europe.

The US industrial giant said it plans to cut the jobs from the energy units it acquired after its €12.4bn deal to takeover the power operations of the French industrial group, Alstom in 2014. The cuts are taking place despite GE’s pledge to create 1,000 jobs in France – part of it’s bid to win French Government support…

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