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General Electric to cut 12,000 jobs in power business revamp

Reuters Thursday, 7 December 2017
ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.
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Source: Reuters Studio - < > Embed
News video: General Electric to cut 12,000 jobs

▶ General Electric to cut 12,000 jobs 01:20

General Electric 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. Fred Katayama reports.

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