GE to cut 1,100 power business jobs in Britain
Reuters
Published Dec 07, 2017 12:26
GE to cut 1,100 power business jobs in Britain
LONDON (Reuters) - General Electric (NYSE:GE) Co plans to cut around 1,100 jobs or 6 percent of its workforce across its power business in Britain following a significant deterioration in its markets, it said on Thursday.
GE said it had launched a consultation period over the restructuring which would affect jobs at two plants in Stafford and Rugby, central England.
The cuts are part of a wider programme to remove 12,000 jobs by the U.S. company.
GE said it remained committed to the UK, which would continue to be a "strategic market".
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Written By: Reuters
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