PITY THE POOR MALTHUSIANS:

General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels, and energy demand declines overall.

The company said on Thursday that the cuts to both office and production jobs, will help "right-size" GE Power in a traditional power markets that is being upended globally.

The cuts, representing 18 percent of all jobs at GE Power, will take place largely outside of the U.S. Many will be in Europe, where other energy companies already have announced reductions.

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