13.01.2016 - General Electric will cut 6,500 jobs in Europe

The General Electric Company announced plans to cut 6,500 jobs in Europe on the basis of the business that purchased from Alstom last year. It is worth noting that in France will cut 765 jobs, but in three years after the acquisition, in France, must be created an additional 1,000 jobs. We recall that General Electric bought the business of manufacturing power equipment from Alstom for 12.4 billion euros. We expect the company's share price fall by 10-15% over the next six months.

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