jobcuts

  • 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...
  • Ford to cut 1,400 jobs in North America, Asia

    DETROIT (AP) — Ford is cutting 1,400 jobs in North America and Asia Pacific this year in an effort to boost profits. The company will offer voluntary early retirement and separation packages to around 10 percent of its non-factory workers in departments like sales, marketing and human resources. It...