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GE to cut 1,100 power business jobs in Britain

Published 07/12/2017, 12:26
Updated 07/12/2017, 12:30
© Reuters. Logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia

© Reuters. Logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia

LONDON (Reuters) - General Electric (NYSE:GE) Co plans to cut around 1,100 jobs or 6 percent of its workforce across its power business in Britain following a significant deterioration in its markets, it said on Thursday.

GE said it had launched a consultation period over the restructuring which would affect jobs at two plants in Stafford and Rugby, central England.

The cuts are part of a wider programme to remove 12,000 jobs by the U.S. company.

© Reuters. Logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia

GE said it remained committed to the UK, which would continue to be a "strategic market".

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