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

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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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Why? Wh3re? Keep it simple

nice

'Wings clipped' by COVID-19

Tell 45 to fix it.

Bias corrupt Globalist MSM (mains sewer media).

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