GE is proposing to cut 1,100 jobs from its UK power business under an organisational restructure, the firm announced.
The planned losses will mainly affect Stafford and Rugby, with the total potential losses representing around 6% of the company’s UK workforce.
GE said market conditions have had a “significant impact” on its economic performance, adding that demand for new built power plants had “dramatically” dropped in all OECD countries.
A statement said: “Traditional utility customers have reduced their investments due to market deterioration and uncertainty about future climate policy measures.
“Today’s actions are driven by challenges in the power market worldwide. Traditional power markets including gas and coal have softened.
“Volumes are down significantly in products and services driven by overcapacity, lower utilisation, fewer outages, an increase in steam plant retirements, and overall growth in renewables.
“To get back to competitiveness GE Power needs to remove cost substantially from its businesses.”
No jobs in the north-east of Scotland are at risk.
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