December 7, 2017 / 10:45 AM / a year ago

General Electric proposes 1,400 job cuts in Switzerland‍​

The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - General Electric (GE.N) announced plans on Thursday to ax around a third of its Swiss workforce as the industrial conglomerate responds to a sharp fall in demand for fossil fuel power equipment.

GE aims to cut up to 1,400 jobs in Switzerland where it employs 4,200 people, but said no locations would close.

The plans were part of raft of job cuts announced across Europe by GE on Thursday, with 1,600 jobs also being slashed in Germany.

(This version of the story was refiled to say job in the headline instead of “jobs”)

Reporting by John Revill

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