General Electric (GE), long considered the most-prominent business in Schenectady, New York, on April 7 announced another 225 job cuts at its main campus in the city. The announcement comes as GE continues to restructure its operations amid a downturn in global demand for the company’s turbines. GE cut about 110 jobs at the Schenectady […]
The post GE Cutting 225 Jobs at New York Campus appeared first on POWER Magazine.
Read moreSiemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]
The post Restructuring on Horizon for Siemens and GE appeared first on POWER Magazine.
Read moreSiemens and General Electric, two rivals battling financial problems due to fewer orders for their flagship energy products and services, could each announce major restructuring moves in the coming weeks, according to media reports. Reuters on June 21, citing a person familiar with the matter, said Siemens plans to merge or trim some of its […]
The post Restructuring on Horizon for Siemens and GE appeared first on POWER Magazine.
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