GE to Cut 12,000 Jobs in Power Business

The video discusses Jeff Immelt's acquisition of Alston and the challenges faced due to changing market conditions and delayed orders. It highlights job cuts in Germany and Switzerland while sparing France. The video also covers General Electric's strategy under Flannery to cut costs and sell assets to address market skepticism.

What was one of the main challenges General Electric faced after acquiring Alston?

• Immediate increase in orders

• Delay in closing the deal

• Favorable market conditions for gas power

• Excessive government support

Which countries experienced job cuts as a result of the Alston acquisition?

• Germany and Switzerland

• France and Italy

• United States and Canada

• Spain and Portugal

What is one reason why layoffs might be more challenging in certain regions?

• Higher government regulations

• Lack of skilled workers

• Increased competition

• Excessive demand for products

What is a key component of General Electric's strategy to address market skepticism?

• Increasing workforce

• Expanding into new markets

• Cutting costs and selling assets

• Raising product prices

How much does General Electric plan to cut across the board as part of their strategic response?

• Two billion dollars

• One billion dollars

• Three and a half billion dollars

• Five billion dollars