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The Louisville Courier-Journal reported the planned reduction back in July, and it's the second time in two years GE Appliances reduced its global workforce. It saw a 5% reduction in 2022.
GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. The company was founded in 1907.
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...
Boeing's new plane production is well below expectations, leading to some weakness in new plane engine sales, but GE grew services revenue by 10% thanks to higher spare part sales.
UE and IUE led an alliance of unions which broke the back of Boulwarism, GE's aggressive 20-year-long policy of "take-it-or-leave-it" bargaining.Boulwarism was named for Lemuel Boulware, the company's vice president of labor and community relations, who devised the strategy in reaction to UE's success in the 1946 strike, and to capitalize on the bitter divisions, after 1949, in the ranks of GE ...
GE Aerospace (NYSE: GE) stock rose more than 4% by 11 a.m. ET on Wednesday as investors took advantage of the post-earnings dip in the stock on Tuesday and bought in. Here's why. GE Aerospace's ...
Current Lighting Solutions, LLC (formerly Current, powered by GE and GE Current, a Daintree company), trading as Current, is a company that sells energy management systems. It is headquartered in Greenville, SC, U.S. The company appointed Steve Harris as its new Chief Executive Officer, succeeding interim CEO Bill Tolley on May 30, 2023.
CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...