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The firm intends to reduce 1,700 jobs in Germany, 765 in France and 1,300 in Switzerland in order to reduce costs, following acquisition of the Alstom’s energy unit.

GE spokesman Deirdre Latour said: "This is a necessary step to increase the competitiveness of the former Alstom businesses and generate the synergies we have targeted.

"We will work constructively with employee representatives throughout the process."

The company intends to generate cost savings of $1.1bn in 2016 and almost three times of the amount by 2020.

As part of the deal to acquire power equipment manufacturing unit of Alstom, GE agreed to create 1,000 jobs in France to secure government support.

Bloomberg cited French Economy Minister Emmanuel Macron as saying to reporters in Paris: "We will absolutely ensure that General Electric sticks to its commitment to create 1,000 new jobs and will replace every job which it scraps in France with a new one."

In September 2016, GE said it plans to generate cost savings of $3bn (£2bn) from the acquisition of the Alstom’s energy unit over five years, reported BBC.

Separately, GE said it will move its headquarters from Connecticut to Boston, US, this year in order to take advantage of its diverse, technologically-fluent workforce in the region.


Image: GE headquarters in Fairfield, Connecticut, US. Photo: courtesy of Markvs88 at en.wikipedia.