GE's Power Division Plans to Cut about 12,000 Jobs Globally

The logo for General Electric appears above a trading post on the floor of the New York Stock Exchange Photo: AP/ File
The logo for General Electric appears above a trading post on the floor of the New York Stock Exchange

December 07, 2017 06:22 AM

General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels.

The company said Thursday that the cuts to both office and production jobs, will help "right-size" GE Power, as traditional power markets, and volume of the fuels that power them, decline.

Advertisement

Credits

The Associated Press

(Copyright 2017 by The Associated Press. All Rights Reserved.)

Advertisement

No Picnic: Freezing Rain, Snow to Disrupt Morning Commute

1 Killed in 3-Vehicle Crash in Ham Lake

Important Medication in Short Supply for Glaucoma Patients

Fatal Wrong-Way Crash Victim's Husband Heard Call Over Scanner

Tricky Commute Involves Slick Roads Across Minnesota, More Expected Tuesday

Advertisement