GE Ranks First in 2017 Downsizing After 12,000 More Job Cuts

[McFurd]

Bloomberg - 12/7/2017 - Brandon Kochkodin - General Electric Co. already has the distinction of being the worst performer in the Dow Jones Industrial Average this year. Now it’s taken the lead among U.S. companies in announcing the most job cuts. The beleaguered manufacturer has eliminated a total of 14,742 jobs in 2017, including Thursday’s news that it would reduce its power-business workforce by 12,000. The reduction pushed GE past General Motors Inc., which has announced a series of cuts throughout the year amid slow auto demand and growing inventories. Read more @ https://www.bloomberg.com/news/articles ... e-job-cuts