General Electric's Power Division To Cut 12,000 Jobs

GE said it was cutting 12,000 jobs in its power business, or nearly 20% of the unit’s workforce, as the conglomerate slashes costs and battles overcapacity in its core business.

Topics:  power   cut   jobs   business   
BING NEWS:
  • In Pakistan, questions raised over GE's flagship power turbines
    ISLAMABAD/SINGAPORE (Reuters) - General Electric’s flagship ... we lost a lot of power which would have come to the grid during the peak summer,” Yousaf Naseem Khokhar, the top civil servant in the Energy Ministry’s power division, told Reuters.
    12/27/2017 - 4:44 pm | View Link
  • Questions raised in Pakistan over GE's flagship power turbines
    Islamabad/Singapore: General Electric's flagship gas ... because we lost a lot of power which would have come to the grid during the peak summer," Yousaf Naseem Khokhar, the top civil servant in the Energy Ministry's power division, told Reuters.
    12/26/2017 - 11:25 pm | View Link
  • General Electric plans to cut 1,100 UK jobs
    Industrial giant General Electric has announced plans to cut 1,100 jobs from its UK ... to meet the challenges of the changing power generation market. "These proposals will be a shock for General Electric's loyal workforce and deal a major blow to the ...
    12/7/2017 - 1:55 am | View Link
  • General Electric Power to Cut 12,000 Jobs
    General Electric’s Power division will cut roughly 12,000 jobs worldwide as it looks to reduce structural costs by $1 billion in 2018, the Boston-based company announced Thursday. The decision lands in the midst of upheaval in the power industry, ...
    12/7/2017 - 1:42 am | View Link
  • General Electric plans to cut 1,100 UK jobs
    Industrial giant General Electric (Euronext: GNE.NX - news) has announced plans to cut 1,100 jobs from its ... the challenges of the changing power generation market. "These proposals will be a shock for General Electric's loyal workforce and deal a ...
    12/7/2017 - 12:21 am | View Link
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