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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 159.2 USD | -2.11% |
|
+2.26% | +24.73% |
| Apr. 24 | BofA Securities Raises GE Aerospace's Price Target to $180 from $165 | MT |
| Apr. 24 | US Aerospace and Defense Earnings a "Positive Read Through for CAE," RBC Says | MT |
LONDON (Reuters) - General Electric Co plans to cut around 1,100 jobs or 6 percent of its workforce across its power business in Britain following a significant deterioration in its markets, it said on Thursday.
GE said it had launched a consultation period over the restructuring which would affect jobs at two plants in Stafford and Rugby, central England.
The cuts are part of a wider program to remove 12,000 jobs by the U.S. company.
GE said it remained committed to the UK, which would continue to be a "strategic market".
(Reporting by Kate Holton; Editing by Georgina Prodhan)
| 1st Jan change | Capi. | |
|---|---|---|
| +24.73% | 174B | |
| +13.05% | 878B | |
| 0.00% | 239B | |
| -7.11% | 127B | |
| +29.84% | 81.93B | |
| -3.89% | 75.21B | |
| -15.83% | 50.92B | |
| -22.98% | 39.43B | |
| +20.01% | 33.5B | |
| +13.04% | 29.48B |
GE AEROSPACE 
