June 18, 2018 / 12:27 PM / a month ago

General Electric to cut 1,200 jobs in Switzerland

(Reuters) - General Electric (GE.N) will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.

FILE PHOTO - The ticker and logo for General Electric Co. is displayed on a screen at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on June 30, 2016. REUTERS/Brendan McDermid/File Photo

GE had announced plans in December to cut as many as 4,500 jobs in Europe - including 1,400 in Switzerland - as it aims to reduce its global footprint by 30 percent.

The company has a workforce of about 4,200 in Switzerland. The cuts will affect 920 employees in Baden, 230 in Birr and 50 in Oberentfelden, Swiss labor union Unia said separately.

Reporting by Rachit Vats in Bengaluru and John Revill in Zurich; Editing by Sai Sachin Ravikumar

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