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  • US conglomerate General Electric said Wednesday that it would restructure two European divisions that were the cause of "large financial losses". The hydro-electric equipment division and one that covers distribution networks have each presented a plan to the group's European works committee, according to a French-language statement that did not detail the extent of possible job losses. cho/aue/swi/wai/cdw
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  • General Electric to restructure European units: statement
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