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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The cantonal parliament of Vaud has approved a loan of CHF9.5 million ($11.5 million) for Château de Chillon, the most-visited monument in Switzerland.
Swiss party president Thierry Burkart to step down in October
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Thierry Burkart, president of the centre-right Radical-Liberal Party, wants to hand over the presidency in October, around two years before the next national elections.
Climate Alliance presents action plan on 20th anniversary
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The Swiss Climate Alliance has presented an action plan showing how Switzerland could make a success of the energy transition and achieve a net zero balance within ten years.
Swiss business group expects export slump after strong start to year
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The Swiss economy was still robust in the first quarter of 2025 but is coming under increasing pressure, says the Swiss business federation, economiesuisse.
Five arrested in Switzerland in human-trafficking raid
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Law enforcement authorities in Switzerland and Romania have busted a human trafficking ring. They arrested a total of 17 suspects.
OECD significantly lowers Swiss GDP forecast due to Trump
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The Swiss economy is likely to grow more slowly in 2025 and 2026 than previously assumed, according to the OECD economic organisation.
UBS economists more confident about Swiss economy in 2025
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UBS economists have revised upwards their estimates of Swiss GDP growth for the current year. However, they are more pessimistic for next year, due to the spectre of US tariffs.
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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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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.