GE to Cut 6,500 Jobs in Europe After Alstom Purchase

According to a recent Bloomberg report, General Electric plans to eliminate 6,500 jobs in Europe in a global restructuring effort as it seeks $3 billion in cost savings from its purchase of Alstom SA’s energy business.

The cuts, Bloomberg reported, include 1,700 positions in Germany and 765 in France. They are part of a broader push to trim overlapping expenses following one of GE’s largest-ever acquisitions, which closed in November.

The company expects to generate $1.1 billion in savings this year and almost three times that amount by the end of the decade, Bloomberg said.

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