GE Is Laying Off 12000 People From Its Power Business

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  1. GE Is Laying Off 12000 People From Its Power Business  Fortune
  2. GE’s 12000 Job Cuts Highlight Uneasy Shift to Renewable Energy  Bloomberg
  3. GE Cuts Jobs as It Navigates a Shifting Energy Market  New York Times
  4. Full coverage



General Electric plans to lay off , people from its GE Power business unit as part of a broad effort to cut $. billion in costs by the end of . The company blamed the layoffs, which represent about of its total workforce, on a weak global power market, including the gas and coal industries..General Electric Co. plans to cut jobs in its power business as the company s new leaders look to slash costs and stabilize the beleaguered Online message boards for GE employees were active in recent weeks as workers discussed layoff notices going out in GE Power manufacturing locations .Plans to lay off , people from its GE Power business unit as part of a broad effort to cut $. billion in costs by the end of . The company blamed the layoffs, which represent about of its total workforce, on a weak global power market, including the gas and coal industries. The company had .GE has previously said it would exit its lighting, transportation, industrial solutions and electrical grid businesses. It also plans to ditch its . percent stake in oilfield services company Baker Hughes. In Thursday s layoffs, nearly a third of the company s , strong Swiss workforce could be cut, while .







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