According to sources, General Electric recently announced another 450 job cuts at two of its Swiss facilities.
Reductions to help address “challenges on the global energy markets” will be at the Birr and Baden facilities, which will remain open, according to Reuters. These cuts are separate from the 1,200 Swiss job cuts that GE announced last year.
The two plants outside Zurich do business in the gas-fired power plants sector. “Demand for power generation from fossil fuels is declining, especially in Europe, in a competitive market,” General Electric said in a statement on Monday, according to www.swissinfo.ch.
The job cuts are still subject to consultation with trade unions and the Swiss authorities. The company says that 10% of the posts to be cut are currently unfilled.
In 2016, General Electric Switzerland slashed some 900 jobs following the acquisition of the energy division of the French industrial group Alstom.
The following December the company reduced its then-4,500 headcount further with an announcement to cut a maximum of 1,200 positions. That number was reduced from an original intention for 1,400 lay-offs after unions intervened.
It now has a workforce of 3,050 in Switzerland.Tagged with GE, job cuts