GE slashes 12,000 jobs in response to changing power ma...

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Title	GE slashes 12,000 jobs in response to changing power markets
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Detail	GE Power has announced 12,000 jobs will go as part of its effort to cut structural costs by US$3.5 billion. Part of the reason for the move is the strong growth of renewables, and a softening of traditional power markets. Storage is said to be a “mega trend”.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Non-Renewable Energy Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date	07.12.2017
Original Url	Original Url
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Title
GE slashes 12,000 jobs in response to changing power markets
Detail
GE Power has announced 12,000 jobs will go as part of its effort to cut structural costs by US$3.5 billion. Part of the reason for the move is the strong growth of renewables, and a softening of traditional power markets. Storage is said to be a “mega trend”.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Non-Renewable Energy Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date
07.12.2017
Original Url
Original Url
Share