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General Electric to cut 1,200 jobs in Switzerland

Published 06/18/2018, 08:26 AM
Updated 06/18/2018, 08:30 AM
© Reuters. FILE PHOTO -The ticker and logo for General Electric Co. is displayed on a screen at the post where it is traded on the floor of the NYSE
GE
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(Reuters) - General Electric (N:GE) will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.

GE had announced plans in December to cut as many as 4,500 jobs in Europe - including 1,400 in Switzerland - as it aims to reduce its global footprint by 30 percent.

© Reuters. FILE PHOTO -The ticker and logo for General Electric Co. is displayed on a screen at the post where it is traded on the floor of the NYSE

The company has a workforce of about 4,200 in Switzerland. The cuts will affect 920 employees in Baden, 230 in Birr and 50 in Oberentfelden, Swiss labor union Unia said separately.

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