GE warns of more job cuts at aviation business amid sluggish recovery

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.

FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler/File Photo GLOBAL BUSINESS WEEK AHEAD

“As we continue to closely monitor market conditions, we are examining a range of options to appropriately scale our business to match the realities of the global airline industry recovery from the severe impacts of COVID-19,” the company said in a statement. Through the quarter to end-September, GE had reduced about 20% of its aviation workforce and realized close to $1 billion in cost savings.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Why? Wh3re? Keep it simple

nice

'Wings clipped' by COVID-19

Tell 45 to fix it.

Bias corrupt Globalist MSM (mains sewer media).

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie