Login to your account

Username *
Password *
Remember Me

GE to cut 6,500 jobs in Europe

Written by  Jan 13, 2016
US manufacturing giant General Electric plans to cut 6,500 jobs in Europe over the next two years, including 765 in France. However, a spokesman said GE would stick to its pledge to create 1,000 net jobs in France in the next three years as part of its recent acquisition of Alstom's energy business. Unions had been informed, he said. "This is a plan, which could change following discussion with employee representatives," he added. In May last year, GE pledged to create jobs in France as part of efforts to calm French government concerns about the US company's proposed acquisition of Alstom's energy units. At the time, both GE and Siemens were in talks with the French government to try to secure a deal.   The French government had previously given itself powers to block foreign takeover bids for companies deemed "strategic".
Last modified on Wednesday, 13 January 2016 12:39

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

  1. Popular
  2. Trending
  3. Comments

Calender

« June 2017 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30