GE Moves to Cut Roughly 13,000 Aviation Workers
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
May 4, 2020 - by Thomas Gryta for wsj.com
Jet-engine division will cut 25% of staff after coronavirus crippled air travel
General Electric Co. is cutting roughly 13,000 jobs in its jet engine business, expanding its planned cost-cutting efforts as the coronavirus pandemic cripples the aviation industry.
GE said Monday in a memo to staff that it plans to cut 25% of its global aviation workforce in coming months. The unit, which employed about 52,000 people at the end of 2019, makes engines for Boeing Co. and Airbus SE.
Its biggest customers have cut production as airlines ground hundreds of planes...