More than a thousand British jobs are at risk at energy firm GE Power and Rugby is one of two places worst hit.
The company says its sites in Rugby and Stafford will bear the brunt of redundancies across the UK. The firm says it needs to cut costs to stay competitive - and says it is now consulting staff about the changes.
Mark Elborne. President and CEO GE UK & Ireland said: “Regrettably, the proposed changes would have an impact on jobs in the UK.
“These are not proposals we ever make lightly and we understand that this news will be difficult for many people. Unfortunately, we believe that these changes are necessary to ensure that we can remain competitive and secure the future of GE Power in the UK.
“We have shared our proposals with employees’ representatives today and will now begin a consultation period before any final decisions are made.”
In total, the proposals potentially impact approximately 1,100 positions across all parts of the UK GE Power business, including Power Digital and Global Operations. This represents about 6% of total GE workers in UK.
“GE remains committed to the UK, which will continue to be a strategic market for GE. We have almost 18,000 employees working at 65 sites in UK. Following this proposed restructure, we would remain one of the top five industrial companies in the country.”