Alstom employees demonstrated in Paris over the threat to their jobs before the level of cuts planned by GE, Alstom’s parent company, was announced Bertrand GUAY/Getty ImagesGeneral Electric is set to cut 4,500 jobs across Europe. The brunt of the job losses are expected to be in Britain, Germany and Switzerland. GE has had operations in the UK since the 1930s and has invested more than £10 billion in business acquisitions since 2002. GE said in a statement that 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 job losses, but did say that it had put forward…

Source: The Times December 06, 2017 00:10 UTC