General Electric to cut close to 470 jobs in France
Reuters reported that General Electric, which bought Alstom's energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of falling orders worldwide. GE has opened negotiations to trim its staff in France under a "collective mutually agreed termination" agreement, a measure introduced in France in September 2017. An early retirement plan is also on the table, union officials said.
The company said that "In a particularly difficult time for the power sector, GE is currently reviewing its businesses to ensure they are best fitted to market reality and ensure their success.”
Some 229 jobs could be cut at Alstom Power Systems (APS), including 146 at GE Energy's European headquarters in Belfort, eastern France, unions said.
Another 149 jobs could go at GE Energy Power Conversion France and 90 at GE Grid, they said.
GE employs 16,000 people in France, including 6,000 in the power branch.
When it bought Alstom's energy business, GE had committed to maintain jobs for at least three years in France and create 1,000 net new jobs by the end of 2018.
Source : Reuters