Skip to main content
Black Listed News
Trending Articles:
Trending Articles:

General Electric to Cut 12,000 Jobs in Power Business Revamp

Published: December 7, 2017
Share | Print This


Source: Reuters

General Electric Co (GE.N) 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.

The U.S. company launched the cuts to save $1 billion in 2018, saying it expected dwindling demand for fossil fuel power plants to continue.

“Traditional power markets including gas and coal have softened,” GE said.

Read MOre...

Share This Article...


Emigrate While You Still Can! Learn more...





SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Stitcher
Podcasts on iTunes
Podcasts on Tunein

Our IP Address:
198.245.55.242

Sponsors:
good
longboard
brands


ONNIT Labs





BlackListed News 2006-2017