General Electric to cut 4,500 jobs in Europe

Paris: US firm General Electric will cut 4,500 jobs across Europe after reviewing assets it purchased from France’s Alstom in 2015, French newspaper Les Echos said on Tuesday.
Citing a union source, the report said the cuts would take place in Switzerland, Germany and Britain.
GE said in a statement it was “reviewing its operations to ensure the business is best positioned to respond to our market realities and for long-term success.”
It did not mention any job losses, but said it had put forward a proposal to the European body representing legacy Alstom employees.