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job cuts


GE Will Cut Another 13,000 Jobs

General Electric (GE) on May 4 said it plans to cut as many as 13,000 jobs from its Aviation unit this year, or about 25% of the division’s total workforce,…


GE Reports $1 Billion Hit to Cash Flow

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a…


Clean Energy Sector Sheds 106,000 Jobs in March
Solar-Energy

The renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month, according to an analysis of unemployment data…


Siemens Group Reopens Plants; GE Closing U.S. Factory

Global wind turbine manufacturers Siemens Gamesa and Vestas have restarted work in their facilities in Spain, after that country eased some of the restrictions in place as part of the…


Siemens Will Cut Another 2,700 Jobs; GE Announces Cuts in Switzerland

Siemens on June 18 said it would cut 2,700 jobs from its Gas and Power division, on top of 10,400 positions the German engineering firm last month said it would…