However, trade unions argue that many people have already quit GE Switzerland and that the company only agreed to the granting of some concessions following intervention by the labour groups.
The unions say they are concerned that GE will continue its restructuring plans in Europe and the Swiss company sites could still be at risk. The production of gas turbines is under particular pressure, they say.
GE Switzerland has already shed about 2,000 jobs since 2016 and will employ some 2,700 after the latest round of restructuring.
In 2014 GE Switzerland took over the energy division of the French industrial group Alstom. Two years later it slashed 1,200 jobs.
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General Electric to slash 450 more Swiss jobs
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The company, which generated profits of $954 million (CHF952 million) last year, blamed the latest cuts on “financially challenging conditions”. But its GE Power division reported an operating loss of nearly $1 billion globally. The two plants outside Zurich do business in the gas-fired power plants sector. “Demand for power generation from fossil fuels is…
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They are among 6,500 positions being slashed across Europe following Alstom’s sale of its power generation and grid businesses to GE in November of last year. Alstom states on its website that it “is now a global player fully focused on transport”. It currently employs 5,500 people in Switzerland. The positions being lost in Switzerland…
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