Embattled industrial giant General Electric announced Thursday it would cut approximately 12,000 blue collar and white collar jobs in its GE Power unit in a bid to cut costs.
"The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1 billion in structural cost reductions in 2018," the company said in a statement.
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GE takes one-off hit of $6.2 bn linked to insurance activitiesMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©