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said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. GE’s cuts follow a decision by rival Siemens AG to slash 6,900 jobs in the face of a global shift by electric utilities away from fossil fuels to renewable sources of energy such as wind and solar. company launched the cuts to save

said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. GE’s cuts follow a decision by rival Siemens AG to slash 6,900 jobs in the face of a global shift by electric utilities away from fossil fuels to renewable sources of energy such as wind and solar. company launched the cuts to save $1 billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue.

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said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. GE’s cuts follow a decision by rival Siemens AG to slash 6,900 jobs in the face of a global shift by electric utilities away from fossil fuels to renewable sources of energy such as wind and solar.

company launched the cuts to save $1 billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue.

GE said it had begun talks with labor leaders about the steps.

Union leaders in Germany reacted angrily to the job cuts.

“The announcement by GE that it wants to cut thousands of jobs across Europe is neither strategically nor economically justifiable,” said Klaus Stein, the representative of the IG Metall Union at GE’s plant in Mannheim.

“We are not going to accept this, and we will fight …

Operatic but never melodramatic, this shows a more sensitive side to Chinese cinema than we're used to. It had to settle for mere nominations at the Oscars and Cesars(France's Oscars), however. "There is in fact no such thing as art for art's sake, art that stands above classes, art that is detached from or independent of politics. The bad guy is a butcher who carves up his assistants to provide meat for his building's tenants.

billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue.

You can't expect successful films to win prizes. "Do you think Christopher Nolan took his inspiration for the Dark Knight truck flip (around 1.40) from this (around 1.46)? Iron Monkey is an action romp starring the then fresh-faced Donnie Yen, so chock-a-block full of breathtaking fighting sequences that you barely have time to place the popcorn in your mouth.Moving, and packed with images that sear themselves onto the brain, it's an astonishing work from an old master. "I heard Kurosawa based it on the Snow Patrol song." Buy Year: 1993Country: China Director Chen Kaige To fit the span of a character's entire life is no mean achievement; to do so for two (arguably three) characters and take in a swathe of tumultuous Chinese history while you're about it - taking in the Second Sino-Japanese War and Cultural Revolution for kicks - is just showing off.But Kaige's story of two childhood friends who become stars of the Beijing Opera but are torn apart by politics and unrequited love manages to make the personal its focus even against a huge backdrop, helped in huge measure by compassionate performances from Zhang Fengyi, Gong Li and the late, great Leslie Cheung. Prizes Farewell won the Palme d' Or and FIPRESCI prize at Cannes, a BAFTA, the National Board of Review and the Golden Globe for Best Foreign Film. " Buy Year: 1991Country: France Director: Jean-Pierre Jeunet, Marc Caro The central character is grieving the death of his monkey (not a euphemism).GE shares, part of the Dow Jones Industrial Average SHRINKING EMPIRE New GE Chief Executive John Flannery last month outlined plans to shrink GE’s sprawling empire of businesses built up by predecessors Jeff Immelt and Jack Welch, whose strategy was based on spreading risk across a broad range of industries.GE has previously said it would exit its lighting, transportation, industrial solutions and electrical grid businesses.

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The announcement cast a spotlight on GE’s decision to spend 9.7 billion euros ($10.7 billion when the deal closed in 2015) on the energy business of France’s Alstom .