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Wednesday, February 27, 2019

GE jettisons 30,000 jobs in 2018

Under former GE CEO John Flannery and his replacement Larry Culp Jr., General Electric cut roughly 9,000 U.S. jobs last year, amounting to 8 percent of its domestic workforce for a slightly lower rate of decline than the 10 percent drop in its international operations. Boston-based GE employed 97,000 people in the United States as of December, of 283,000 globally. After moving its headquarters to Boston in 2016 from Fairfield, the conglomerate remains a major southwestern Connecticut employer with some 1,400 people at last report at the Norwalk headquarters of its finance subsidiary GE Capital. On Tuesday, about 1,700 former GE Transportation workers in Erie, Pa.

from Business https://www.ctpost.com/business/article/GE-jettisons-30-000-jobs-in-2018-13648776.php

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