General Electric will begin a massive reduction of its employees

The American company General Electric under the leadership of the new CEO is planning a large-scale reduction of employees, in order to reduce costs and increase profits. It is not known at the moment the specific number of people, who will lose their jobs, but it is known that they will be employees in the areas of human resources, recruitment, corporate security, audit and finance. General Electric has suspended the recruitment of new employees and, according to the company's representative, is planning to cut spendings by $ 2 billion by 2018.

Since mid-August, General Electric's shares have fallen by 3.6% and continue to decline on those news. The trading will be available during the American session, from 13:40 to 20:00 (GMT).

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