In a letter to its employees on Monday . . The company had a quarterly net loss of $2.8 billion, compared with a profit of $6.2 billion a year ago. For general inquiries, please use our contact form. In one such case, the company is contributing to a $6.7 million program, in which it aims to identify ways of reducing the cost of producing turbine blades for offshore wind farms. To stay up to date with the latest 3D printing news, dont forget to subscribe to the 3D Printing Industry newsletter or follow us on Twitter or liking our page on Facebook. GE recorded charges of $856 million in 2020, and roughly $2.6 billion over the past three years, related to workforce reductions, and indicated, But despite all the buzz, two recent rankings are reminders that GEs brand is still strong, with. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This story has been updated to reflect that GE announced it would lay off 10% of its aviation workforce, not its total U.S. workforce. our Subscriber Agreement and by copyright law. #GE #Layoffs - Follow the. Management can't see past their own ego to get thing right. "We are putting our technology expertise, leadership, and global reach to work to better serve our customers.". . Feb . Data is a real-time snapshot *Data is delayed at least 15 minutes. Breaking News: GE latest news. The assembly line for a wind turbine produced at the GE plant in Montoir-de-Bretagne, France. Learn more about our use of cookies: Cookie Policy, The Most Iconic CMOs to Watch in 2023 April2023, The 10 Most Influential Talent Acquisition Leaders to Follow, 2023 April2023, The 10 Most Influential Leaders In Tech To Follow, 2023 April2023, The 10 Most Powerful Latinas in Business, 2023 April2023. GE shares have badly underperformed the market over the last two decades. . Trending Now. SINGAPORE In the past two weeks, two aerospace engineering firms here announced more than a hundred layoffs as part of cost-cutting measures due to the Covid-19 pandemic. The relative strength line for GE stock is rising within a multiyear downtrend.
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