English

GE Power cutting 12,000 jobs, part of $3.5 billion cost cuts

Times Union 115 sources

GE Power says it is cutting 12,000 jobs, about one-fifth of the unit's global workforce.

GE Plans 12000 Job Cuts as New CEO Revamps Power Unit

Bloomberg / News

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,…

General Electric says France to be spared power business job cuts

Reuters

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.

General Electric plans to cut 1,100 UK jobs

Sky News / Business

Industrial giant General Electric has announced plans to cut 1,100 jobs from its UK power business.

GE Cuts 18% of Jobs in Power Unit After Misjudging Demand

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 to cut 12,000 jobs in power division

USA TODAY / Finance

General Electric plans to cut 12,000 jobs in its power division as the industrial conglomerate's new CEO institutes sweeping changes.

GE's 12,000 Job Cuts Highlight Uneasy Shift to Renewable ...

Bloomberg / News

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 ...

General Electric to shed 12,000 jobs

BBC / Business

The firm is cutting nearly one-fifth of the people in its power division, including 1,100 UK posts.

G.E. to Cut 12,000 Jobs in Power Division

General Electric blamed disruption in the sector worldwide. The move comes as its new chief executive seeks to streamline the operations that once defined it.

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Dec 8

1100 jobs to go at General Electric sites

General Electric dealt a blow to the economy of the midlands as the US conglomerate announced plans to cut about 1,100 jobs from its UK power business in a move that was branded by union as cutting “too far, too fast”. GE said the cuts, 6…

Dec 7

General Electric to cut 12,000 jobs

Reuters open event

General Electric 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. Fred Katayama reports.

Dec 7

GE's Power Missteps Take a Human Toll

General Electric Co. said Thursday it's cutting 12,000 jobs in its power unit as that business grapples with slumping demand for gas turbines. Faced with a cash crunch and earnings disappointments that can be traced in part back to the…

Dec 7

GE Plans 12000 Job Cuts as New CEO Revamps Power Unit

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,…

Dec 7

GE proposes to cut 1,600 jobs in Germany

BERLIN (Reuters) - General Electric said it plans to cut around 1,600 jobs in Germany as it shrinks its troubled power generation business.

Dec 6

GE Power slashing 4,500 jobs in Europe

Times Union open event

SCHENECTADY - Schenectady-based GE Power is cutting 4,500 jobs across Europe as it deals with serious expense and overcapacity issues that dragged down General Electric Co.'s earnings during the third quarter of the year.

Dec 2

General Electric lays off workers at power business in New York

Reuters open event

NEW YORK, Dec 1 (Reuters) - General Electric Co said

Dec 1

GE cuts some jobs in Schenectady

Times Union open event

General Electric, struggling with a downturn in business at its GE units in Schenectady, on Thursday confirmed that some jobs are being eliminated but wouldn't say how many.