GE Says German Workforce to Decline by a Third in Restructuring

General Electric Co.’s German workforce will be reduced by about a third as part of a plan to reduce the industrial conglomerate to a few key divisions. The number of employees in Germany will be reduced to about 7,000 from 10,000, a spokesman confirmed Tuesday, though those workers aren’t being fired and may merely start working for a different company. A report by German magazine Capital earlier Tuesday characterized the move as a headcount reduction.