US conglomerate General Electric has announced plans to cut 12,000 jobs worldwide in its energy business – almost one in five jobs in the division. Europe is going to be hit particularly hard, with 4,500 job losses in Germany, Switzerland and the UK.
France however will be spared, with only minimal job losses there. The savings that General Electric, or GE, needs will be made in those other countries instead.
Unsurprisingly, that is causing some frustration. Was French President Emmanuel Macron a better negotiator than Swiss economics minister, Johann Schneider-Ammann? That was the question one of Switzerland’s most popular news websites, Blick, asked after the announcement was made.