Business & Finance
06 October 2022, 8:59 pm. 1 minute
Reuters was first to report General Electric (GE) is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business. The cuts are expected to affect 20% of the onshore wind unit’s workforce in the United States, equating to hundreds of workers. The company also notified employees in Latin America, the Middle East and Africa about the cuts. The news revealed problems with what is widely thought to be a fast-growing clean energy economy. GE and competitors have grappled with rising costs and supply chain delays, despite the energy transition.
Topics of Interest: Business & Finance
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story