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Home News Workforce

General Electric Will Layoff 20% Of Its US Onshore Wind Workforce

With a recession on the horizon and inflation skyrocketing, General Electric has plans to layoff hundreds of staff to lessen its losses.

Emma AscottbyEmma Ascott
October 6, 2022
in Workforce
Reading Time: 1 min read
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General Electric Will Layoff 20% Of Its US Onshore Wind Workforce

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General Electric Co. is laying off workers at its onshore wind turbine manufacturing business in order to counter mounting losses. Operating losses for the broader unit totaled $853 million in the first six months of the year.    

The company will reduce its US onshore wind workforce by 20%, and cuts are also planned in Europe and Asia, an inside source told Bloomberg.  

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Inflation and labor shortages have been adding to the onshore wind unit’s struggles this year.   

A GE spokesperson said in a statement, “These are difficult decisions, which do not reflect on our employees’ dedication and hard work but are needed to ensure the business can compete and improve profitability over time.”   

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Other similar companies are also struggling to turn a profit despite growing demand for clean energy; last week, Siemens Gamesa Renewable Energy SA said it planned to eliminate 2,900 jobs following a run of losses. 

Source: Bloomberg
Tags: BusinessHuman ResourcesWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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