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.

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Credits

The Associated Press

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

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