GE to cut over 1,000 jobs in France power operations

US industrial conglomerate General Electric said Tuesday that it would cut more than 1,000 jobs mainly at its gas turbine operations in eastern France, part of a wave of European layoffs as it tries to stem losses in its power generation business.

The cuts will be made mainly in Belfort, eastern France, the European headquarters for GE Energy, and in the Paris region, the company said in a statement.

In 2015 GE announced 6,500 job cuts across Europe, and two years later it revealed a further 12,000 cuts.

That prompted France to fine the company $56 M (€50 M) earlier this year, since GE had promised to create at least 1,000 new jobs when it announced the purchase of the power businesses from France’s Alstom in 2014.

 

Source: France24