General Electric Co. plans to cut 12,000 jobs in its power business as the company's new leaders look to slash costs and stabilize the beleaguered manufacturer. The reductions, accounting for about 18 percent of GE Power's workforce,…
ZURICH (Reuters) - General Electric Co said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate's latest effort to shrink itself into a more focused company.
Industrial giant General Electric has announced plans to cut 1,100 jobs from its UK power business.
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.
General Electric plans to cut 12,000 jobs in its power division as the industrial conglomerate's new CEO institutes sweeping changes.
After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all ...
The firm is cutting nearly one-fifth of the people in its power division, including 1,100 UK posts.