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:
  • General Electric: Strong Buy
    General Electric's shares slumped in the last week of May. I think the drop is a speculative buying opportunity to play a GE rebound. GE is focused on restructuring its power division ... uncertainty after the dividend cut in Q4-2017 have weighed on ...
    06/1/2018 - 8:38 am | View Link
  • What Is General Electric Company Stock Worth in a Breakup?
    The Power ... Electric’s enterprise value. It doesn’t fund the pension. (GE actually is borrowing another $6 billion this year to make contributions to the plan. It believes it won’t have to do so in 2019, however, according to the 10-K.) It would ...
    05/22/2018 - 5:23 am | 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 - 12:47 am | 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 - 12:01 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 ...
    12/6/2017 - 11:58 pm | View Link
  • More
BING SEARCH:
  • POWER Magazine :: Power generation news and jobs in coal ...
    The power industry's trusted source for generation technology, O&M, and legal & regulatory news for coal, gas, nuclear, hydro, wind & solar power plants; power jobs
    06/16/2018 - 7:01 pm | View Website
  • Electro-Motive Diesel
    Electro-Motive Diesel (EMD) is an American manufacturer of diesel-electric locomotives, locomotive products and diesel engines for the rail industry. The company is owned by Caterpillar through its subsidiary Progress Rail Services.
    06/16/2018 - 1:25 pm | View Website
  • General Electric: Trifecta Of Bad News
    General Electric is rumored to be selling its insurance business. I see very little chance of an advantageous transaction. Power segment isn't expected to rebound, meaning that the company has no large levers left. I believe that another dividend cut is in play despite what Faber said. General ...
    05/24/2018 - 4:51 pm | View Website
  • General Electric's Transformation Gains Steam With Wabtec Deal
    The last 12 months have been a roller coaster for General Electric (NYSE: GE) investors. The profitability of GE's largest business unit (GE Power) has plunged, while bad decisions made years ago by the company's finance subsidiary are finally coming back to haunt it. CEO John Flannery has reacted ...
    05/23/2018 - 9:28 am | View Website
  • General Electric's Transformation Gains Steam With Wabtec ...
    General Electric's Transformation Gains Steam With Wabtec Deal General Electric has agreed to merge its transportation segment with Wabtec, with total proceeds to the company and its shareholders exceeding $10 billion.
    05/23/2018 - 5:18 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