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GE is axing 12,000 workers in its power business


General Electric 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 US 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 gas and...
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Source: New York Post


15:10, December 7, 2017 Reuters

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