Reuters reveals General Electric lays off workers at onshore wind unit as part of turnaround strategy – Reuters News Agency


Business & Finance

Reuters was first to report General Electric (GE) is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business. The cuts are expected to affect 20% of the onshore wind unit’s workforce in the United States, equating to hundreds of workers. The company also notified employees in Latin America, the Middle East and Africa about the cuts. The news revealed problems with what is widely thought to be a fast-growing clean energy economy. GE and competitors have grappled with rising costs and supply chain delays, despite the energy transition. 

Article Tags

Topics of Interest: Business & Finance

Sectors: Equities

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story


Source link