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General Electric to cut 4,500 jobs in Europe - report

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General Electric to cut 4,500 jobs in Europe - report

General Electric to cut 4,500 jobs in Europe - report
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PARIS (Reuters) - U.S. firm General Electric <GE.N> will cut 4,500 jobs across Europe after reviewing assets it purchased from France's Alstom <ALSO.PA> 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. (Reporting by Matthieu Protard; Writing by John Irish; Editing by Edmund Blair)
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