Company blames descend in demand for new power stations and lack of investment for cost-cutting driveUS firm General Electric plans to reduce 1100 jobs from its UK power infrastructure trade as part of a Europe-wide cost-cutting exercise,blaming a descend in demand for new power stations and dwindling investment by its clients.
The job losses would affect staff in Rugby and Stafford, reducing GE’s 18000-strong UK workforce by 6%. The company plans to reduce 12000 jobs globally.
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Source: guardian.co.uk