When I read the story about GE Power’s laying off 18% of its work force:
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. Overall, the layoffs equal about 4% of the company’s workforce of about 295,000 employees at the end of 2016.
Asked where the reductions would occur, GE spokesperson Katie Jackson said they would be “global.” The company said layoffs would span “professional and production employees.”
my immediate reaction was to go on over to GE Power’s web site to see where the company had production facilities. Imagine my amusement when I browsed to the company’s regional pages to see the above. The “Featured Stories” section for each region was empty with the exception of the page for South America.
The company has been saying that few of the layoffs will be in the United States. We know that they won’t be in France because of the terms of the agreement they struck when they acquired Alstom back in 2014.
So where will the layoffs be made?
