French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co. (GE) factory in eastern France where more than 1,000 posts are threatened.
GE earlier on Tuesday said it was considering ways to cut costs and make its operations more efficient in France in response to a shrinking market for power plants. While details have not been finalized, GE's plan calls for cutting up to 1,044 positions, mainly at its Belfort site, which employs 4,300 people.
GE said the plan would potentially cut 792 out of 1,900 jobs at the gas power unit, and possibly 252 other support positions.