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BREAKING NEWS

GE to cut another 450 Swiss jobs amid energy downturn

GE to cut another 450 Swiss jobs amid energy downturn
FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company's site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo -
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Vincent Kessler(Reuters)
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ZURICH (Reuters) – General Electric plans to cut around 450 jobs at two Swiss sites to help address “challenges on the global energy markets”, the U.S. industrial conglomerate said on Monday.

The envisaged reductions at the Birr and Baden facilities — which will remain open — are separate from the 1,200 Swiss job cuts GE announced last year at its troubled power generation business, a spokesman said.

The company has a workforce of 3,050 in Switzerland now.

(Reporting by Michael Shields; Editing by Silke Koltrowitz)

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