Over 1,000 jobs to be cut at GE

1,100 jobs are set to go at General Electric’s power infrastructure business as part of a European cost-cutting strategy.

The move is due to a fall in investment and a drop in demand for new power stations.

The 18,000 staff in Rugby and Stafford will be affected and the company plans to cut around 12,000 jobs across the world.

Mark Elborne, Head of GE UK & Ireland, says the company remains committed to the UK and will remain one of Britain’s top five industrial companies even after the cuts.

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