General Electric (GE) Plans 6,500 Job Cuts in Europe

General Electric (NYSE: GE) is planning to cut 6,500 jobs in Europe over the next two years as the company as it moves to rebalance following the recent acquisition of Alstom's energy business.

Cuts include 765 in France, though GE affirmed plans to create 1,000 net new jobs in the country, according to Reuters.

Unions in France were informed of the move on Tuesday.

Shares of GE are flat early Wednesday.

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