GE to slash 1,200 jobs in Switzerland, 200 less than expected

General Electric will eliminate 1,200 positions in Switzerland amid a larger strategy to reduce its global footprint by 30 percent, according to Reuters.

Advertisement

The cuts will take place at GE’s troubled power generation business. The company is getting rid of 200 fewer jobs in Switzerland than it originally announced in December 2017. At that time, GE planned to eliminate 4,500 jobs in Europe from its French conglomerate Alstom’s power and grid businesses.

GE has about 4,200 workers in Switzerland, according to the report.

More articles on business:
GE to sell health IT assets to Veritas Capital in $1.05B deal
Veritas took out an $850M loan to buy GE’s healthcare unit: 5 things to know
Florida Hospital to build a GE Healthcare, AI-powered command center

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.