Weak Demand Prompts GE Layoffs At Onshore Wind Unit

  • General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business, which is grappling with weak demand, rising costs and supply-chain delays, four sources familiar with the move said.
  • The sources said the company on Wednesday notified employees in North America, Latin America, the Middle-East and Africa about the cuts. It also has plans to cut its onshore wind workforce at a later date in Europe and Asia Pacific.
  • The cuts are expected to affect 20% of the onshore wind unit’s workforce in the United States, they added. This would equate to hundreds of workers, one of the sources said.
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