Schneider to move production to Poland

French group Schneider Electric plans to move production of its biggest-selling transformers to Poland and cut as many as 170 domestic jobs, Reuters agency reported quoting French newspaper Les Echos. "Production of high-volume transformers for power grid operators will be halted at Schneider's plants in northern and eastern France in response to tougher price competition from rivals such as ABB and Siemens," Reuters reported. The agency also said that a spokesman for Schneider did not immediately return calls and messages seeking comment.