• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Market

GE lays off workers at onshore wind unit – Reuters (NYSE:GE)

Sixsense News by Sixsense News
October 6, 2022
in Market
0


jetcityimage/iStock Editorial via Getty Images

General Electric (NYSE:GE) 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 and rising costs, Reuters reported Wednesday.

GE (GE) reportedly notified workers in North America, Latin America, the Middle East and Africa about the cuts today, and it plans to cut the unit’s onshore wind workforce in Europe and Asia Pacific at a later date.

The cuts are expected to affect 20% of the unit’s workforce in the U,S,, would equate to hundreds of workers, according to the report.

Onshore wind is the largest of GE’s (GE) renewable businesses, but the unit has been battling higher raw material costs due to inflation and supply chain pressures.

General Electric (GE) shares have “almost reached ‘buy’ status but not yet,” Invest Heroes writes in an analysis published recently on Seeking Alpha.



Source link

Related articles

Diffusion to merge with EIP Pharma in all-stock deal

March 30, 2023

S.Korea, Taiwan chipmakers express concern about US subsidy criteria By Reuters

March 30, 2023
Tags: laysNYSEGEonshoreReutersUnitWindworkers

Related Posts

Diffusion to merge with EIP Pharma in all-stock deal

by Sixsense News
March 30, 2023
0

Maks_Lab Diffusion Pharmaceuticals (NASDAQ:DFFN) is merging with privately held EIP Pharma in an all-stock deal. The combined company — which...

S.Korea, Taiwan chipmakers express concern about US subsidy criteria By Reuters

by Reuters
March 30, 2023
0

© Reuters. FILE PHOTO: Mobile memory chips made by chipmaker SK Hynix are seen in this picture illustration taken May...

*HOT* Brooks Levitate 5 Shoes only $75 shipped (Reg. $150!), plus more!

by Gretchen
March 30, 2023
0

Home » Deals » *HOT* Brooks Levitate 5 Shoes only $75 shipped (Reg. $150!), plus more! Published: by Gretchen on...

World’s Largest Seller of “Carbon Credits” Exposed as a Scam Operation – Investment Watch

by IWB
March 30, 2023
0

by: Ethan Huff (Natural News) South Pole, the world’s leading seller of so-called carbon “credits,” is not what it claims to...

Baby and ToddlerGraphic Pajama Shorts Sets only $5.99 at Old Navy!

by Gretchen
March 30, 2023
0

Home » Deals » Baby and ToddlerGraphic Pajama Shorts Sets only $5.99 at Old Navy! Published: by Gretchen on March...

Load More

Green Labs secures $38.4M in debt financing about a month after conducting layoff

March 30, 2023

PayPal’s BNPL offering has an advantage over Apple Pay Later

March 30, 2023

Rockwell Medical, Inc. (RMTI) Q4 2022 Earnings Call Transcript

March 30, 2023

Let’s Cut the Budget Nonsense

March 30, 2023

Exclusive-Germans shun foreign deposits on fear of new crisis By Reuters

March 30, 2023

Analysts say next week’s BoI rate hike won’t be the last

March 30, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.