GE Appliance is expected to close about 1,500 of its 1,400 U.S. stores, with the company saying the stores will close this week, according to people familiar with the matter.
GE is also expected to trim about 1.5 million jobs worldwide, with more than half of those cuts expected to come from its manufacturing and service businesses.
The company has not yet announced any specific plans to shut its stores.
The closures are expected to impact more than 3,000 jobs, according the people, who asked not to be identified because the details are private.
GE said last week that it will focus its $9 billion acquisition of German manufacturer Bosch and plans to start work this week on a new headquarters in Chattanooga, Tennessee.
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