GE

  • GE will cut 12,000 jobs

    General Electric plans to cut 12,000 jobs in its power division as the industrial conglomerate’s new CEO institutes sweeping changes and the company grapples with a decline in business for coal and natural gas products. The company will cut nearly one in five positions in its GE Power unit. It...
  • Top Executive CEO is Stepping Down!

    (Reuters) – General Electric Co named John Flannery chief executive of the company as part of a succession plan. General Electric Chairman and CEO Jeff Immelt.  Flannery would be CEO of the company effective August 1 and chairman effective Jan. 1, GE said. Current CEO Jeff Immelt would remain...