GE Power Announces Global Headcount Reduction of 12,000 Jobs As Part of Plan to Take Out $1 Billion in Structural Costs
(World News USA)

BOSTON - DECEMBER 7, 2017 - GE Power (NYSE: GE) today announced that it plans to reduce its global headcount by approximately 12,000 positions, affecting both professional and production employees. 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. This announcement aligns with GE`s effort to reduce overall structural costs by $3.5 billion in 2017 and 2018. These actions will strengthen GE Power`s global competitiveness and drive increased value for...