EnergyWatch

GE intends to cut 12,000 jobs

The US conglomerate follows in the footsteps of Siemens with the announcement of massive staff reductions in the power division. The market will continue to face challenges, says the CEO.

Photo: /ritzau/AP/Thibault Camus

GE is planning to dismiss 12,000 employees in its power plant division, GE Power, informs the conglomerate in a press release.

The redundancies arrive as part of a major restructuring which aims to reduce expenses by USD 1 billion in 2018 relative to this year.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs