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   
  • The Fall of a Blue Chip: General Electric's Horrible 2018
    Then, in 2014, the oil price slump hit GE's oil and gas division hard. In 2017, with oil prices finally poised to rise again, weakness in end markets for gas turbines -- the main product of GE's power ...
    12/9/2018 - 9:17 pm | View Link
  • How General Electric Could Get Itself Back on Track
    General Electric's woes have been weighing down its ... But how can GE unleash the power of its aviation division when the rest of the company is drowning in debt, with plenty of its divisions ...
    12/7/2018 - 9:28 am | View Link
  • I Just Doubled My Position In GE, Here's Why
    The dividend has been cut, and the company is in the midst ... have delivered much better results in the third quarter than General Electric's power division. See for yourself.
    12/4/2018 - 6:16 am | View Link
  • Status goes from bad to worse at General Electric
    General Electric's new chief executive officer tried to reassure investors ... he also said GE's troubled power division had yet to hit bottom. "We're going to try to look at everything and all of our ...
    11/12/2018 - 5:53 am | View Link
  • How did a global power house like General Electric fall so far, so fast?
    Bolze, the president of General Electric’s big power-generation business ... GE also said Tuesday that it would cut its power business in two — one division with its gas turbine generators and the oth...
    10/30/2018 - 10:26 am | View Link
  • More
  • GE Stock Price
    General Electric Co. General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and ...
    12/7/2018 - 6:03 pm | View Website
  • General Electric Company
    The history of General Electric Company is a significant part of the history of technology in the United States. General Electric (GE) has evolved from Thomas Edison's home laboratory into one of the largest companies in the world, following the evolution of electrical technology from the simplest early applications into the high-tech wizardry of the early 21st century.
    12/6/2018 - 1:43 am | View Website
  • Electro-Motive Diesel
    General Motors moved production of locomotive engines under the authority of EMC to create the GM Electro-Motive Division (EMD) on January 1, 1941. With that move, EMD became a fully self-contained development, production, marketing, and service entity.
    12/5/2018 - 5:12 am | View Website
  • General Electric's (NYSE:GE) Stock Is Attractive for the ...
    In addition to the problems at the company's long-term care division, where GE failed to accurately calculate costs and life expectancies, the company also made a number of bad calls, like selling ...
    12/1/2018 - 12:40 pm | View Website
  • General Electric Is Breaking Up, After All
    General Electric stock soared on Tuesday after management announced plans to separate the industrial conglomerate's healthcare segment and its stake in Baker Hughes from the rest of the company.
    06/27/2018 - 10:13 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News