SUGAR LAND, Texas, Dec. 8, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--The Power business at General Electric (Boston, Massachusetts) plans to reduce its staff by about 12,000 in a global response to a slowdown in fossil fuel-related work, the company announced Thursday. The job losses could amount to 20% of the company's Power employee base worldwide. Europe will absorb about half the job losses, a GE spokesperson told Industrial Info, and the remaining 6,000 job losses will be spread around the rest of the globe. Professional staff as well as production-line employees will be affected. But the cuts do not apply to GE's Renewable Energy segment, the spokesperson said.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
SOURCE Industrial Info Resources, Inc.