General Electric announces 6,500 job cuts across Europe, 765 in France


The cuts follow GE's purchase of France's Alstom energy unit, but Paris warns US firm it must stick by pledge to replace lost jobs with new ones.

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General Electric Co. plans to eliminate 6,500 jobs in Europe in a global restructuring effort as the industrial giant seeks $3 billion in cost savings from its purchase of Alstom SA’s energy business, reports Bloomberg.