Reuters: General Electric Co is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018, saying it expected dwindling demand for fossil fuel power plants to continue. “Traditional power markets including […]
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General Electric, Citing Shrinking Demand for Fossil-Fuel Generated Power, Announces 12,000 Layoffs
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