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General Electric to cut 12,000 jobs in power business revamp

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. - ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.



original story: http://feeds.reuters.com/~r/reuters/businessNews/~3/7hndMwJQWrI/general-electric-to-cut-12000-jobs-in-power-business-revamp-idUSKBN1E11GU