General Electric To Shed 12,000 Jobs

This is source I found from another site, main source you can find in last paragraph

General Electric is to cut 12,000 jobs in its power business, 18% of the division's global workforce.

The US industrial group expects the "painful but necessary" job losses to help save $1bn next year as demand for fossil fuel power plants wanes.

GE intends to cut 1,100 jobs from its UK power business, mainly in Stafford and Rugby.

Elsewhere, one-third of the firm's Swiss workforce and one-sixth of German workers are likely to be hit.

Firm's 1,100 job cuts are 'major blow'

This is source I found from another site, main source you can find in last paragraph

Source : http://www.bbc.com/news/business-42267688

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