Disney commences second round of layoffs, CNBC reports 04/21/23 Disney tells lobbyists to step up efforts against . For general feedback, use the public comments section below (please adhere to guidelines). However, S&P Global Ratings put the company on credit watch for a possible downgrade given plans to offload the profitable healthcare arm. Now the airlines need them back. Can I Be Laid Off While On Workers Compensation? Despite receiving a massive , https://www.dol.gov/newsroom/releases/eta/eta20220314-0. (Jim Young/Reuters) 5 min. "Operationally, GE has clearly set a positive direction with broadening momentum, on diligent and better-focused restructuring and cultural decentralization/accountability taking hold," said analyst Chris Glynn, who gave GE stock a price target of 12. RTX Stock Slides After Cruising Past Earnings Forecasts, Reaffirming Outlook, Stock Market Closes Mixed, Near Day's Lows; Solar Stock Loses 25%. Distribution and use of this material are governed by . Last month, the company said it was "actively monitoring" the pace of demand recovery to ensure the business was "appropriately sized" for the future. At the beginning of the COVID-19 pandemic, GE Aviation workers in Lynn, Mass. IBD Live: A New Tool For Daily Stock Market Analysis. Evendale-based GE Aviation is eyeing more layoffs in the wake of the coronavirus pandemic, according to a recent report in the Wall Street Journal. According to CNBC reporting, the company said roughly , https://www.airport-technology.com/analysis/are-job-cuts-best-way-save-airlines-short-term/, May 12, 2021 Airlines were particularly impacted, with some carriers resorting to job cuts and restructuring plans to avoid bankruptcy. Your feedback is important to us. Is Raytheon Stock A Buy As Elite Status Fades? Save my name, email, and website in this browser for the next time I comment. Under the Inflation Reduction Act, the Centers for Medicare and Medicaid Services will begin negotiating the prices of the most expensive medicines the agency buys. Got a confidential news tip? While GE doesnt report on the financials of its additive manufacturing-focused GE Additive subsidiary directly, its possible to assess its performance through other related segments of its wider business. General Electric plans to eliminate a quarter of jobs in its jet engine segment, a move that could affect hundreds of employees in North Carolina. GE's Boston birthday. GE spent periods as the largest company by market value as recently as the early 2000s, but then the financial crisis hit. In a recent letter to Congress, Boeing lobbied for aid in the form of government loans, arguing that failing to support them would spell worse conditions for their manufacturing suppliers elsewhere in the country. The company has also applied hiring freeze, cancelling salaried merit and reducing less essential spending. GE will spin off its healthcare and energy businesses, and the remaining core of the century-old company founded by Thomas Edison will focus on aviation. . Use this form if you have come across a typo, inaccuracy or would like to send an edit request for the content on this page. Sign up for free newsletters and get more CNBC delivered to your inbox. Learn how to build a smarter, more connected factory through private cellular networks and five of the most impactful use cases. Blame the airlines Vox, Airlines Lost Over 400,00 WorkersUnited Airlines Forbes. All Rights Reserved. https://www.aviationpros.com/aircraft/commercial-airline/news/21265756/ge-growth-flat-as-split-leads-to-restructuring-and-separation-costs. For a deeper-dive into additive manufacturing, you can now subscribe to our Youtube channel, featuring discussion, de-briefs and shots of 3D printing in-action. The company said it will use proceeds from the recent sale of its aviation financing unit to pay down debt, with gross debt expected to total less than $65 billion by the end of 2021. The stock was dumped from the Dow Jones Industrial Average in 2018 after being one of the original members of the blue chip index going back to 1896. Featured image shows the Boeing 777X jet and GE9x engine. Aviation today accounts for about 2% of global emissions of carbon dioxide. Nov 25, 2020 Evendale-based GE Aviation is eyeing more layoffs in the wake of the coronavirus pandemic, according to a recent report in the Wall Street GE Growth Flat as Split Leads To Restructuring and GE plans to spin off the health-care unit by early 2023 and the energy unit by early 2024, the company said in a news release. Last month, GE reported fairly satisfactory quarterly results, benefiting in particular from strong growth in its aviation revenues. Biggest Layoffs GE Aviation (13,000), Uber (3,700), Virgin Atlantic (3,000), Halliburton (2,700), Airbnb (1,900) and United Airlines (1,650) made the largest layoffs. CIOLook has unvaryingly been at the front line for its honesty and genuineness acquiring acknowledgment from Business pioneers universally. Jun 14, 2021. We will need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come, Calhoun wrote. https://www.bloomberg.com/opinion/articles/2021-06-11/boeing-ge-face-big-aerospace-hiring-crunch, Jun 11, 2021 U.S.-based aerospace and defense companies have announced more than 115,000 job cuts since the World Health Organization declared the , https://www.vox.com/the-goods/22550623/air-travel-summer-post-covid-layoffs. General Electric (GE) warned of more job cuts in its flagship aviation business, despite favorable news on Boeing (BA) and coronavirus vaccines. SINGAPORE In the past two weeks, two aerospace engineering firms here announced more than a hundred layoffs as part of cost-cutting measures due to the Covid-19 pandemic. U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced Tuesday. Paul Hanaphy July 27th 2021 - 6:08pm 0 0. Want to learn more about investing? But GE stock rose amid a broad market rally and an analyst upgrade. The Boston-based company said in a statement the split will leave the independently run businesses better positioned to "deliver long-term growth and create value" for customers, investors and employees. ASHEVILLE - Local workers making high-tech jet engines are facing layoffs after the airline industry's collapse.. At least 60 employees of GE Aviation in Asheville were permanently cut beginning . With regards to aerospace, the firms boom in demand during Q2 2021 was also seen within its additive manufacturing business, with GE Aviation 3D printing metal parts for a Safran eco-friendly open-bladed jet engine. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Get access to free IBD eventsonline & in-person! By Cece Nunn, posted Nov 9, 2021. Southwest Airlines Co. this week topped up its order for the smallest version of Boeing Co.'s 737 Max and said it now expects to spend about $1.5 billion on aircraft next year, more than double . Futures Steady, First Republic Fate In Focus, GE Aviation would have to shrink over the next 18 months, Defense And Aerospace Stocks To Watch And Industry News, Space Industry News And Top Aerospace Stocks, Airline Industry News And Stocks To Watch, Dow Jones Today: Dow Stocks And Stock Market News. General Electric will split into three publicly traded companies focused on aviation, health care and energy. The company's shares were up about 5% at $10.58. Paul is a history and journalism graduate with a passion for finding the latest scoop in technology news. Are job cuts the best way to save airlines in the short term? The job cuts are the latest setback for the aviation sector, with the industry's woes expected to last into 2021 even as U.S. regulators ended a 20-month grounding of Boeing Co's Max 737 jets and Covid-19 vaccine developers reported positive data. After the spinoffs, the aviation-focused company will keep the GE name. According to Bloomberg, "About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to [Covid-19].". All Rights Reserved. Two earlier rounds of layoffs this year sliced 25% of GE Aviation's 52,000 employees around the world. Have your say now. https://www.cnbc.com/ge-workers-protest-at-two-facilities-after-coronavirus-layoffs/. https://www.facebook.com/pages/IndustryWeek/91310488418, https://www.linkedin.com/company/industry-week, https://www.youtube.com/user/industryweek, Boeing Co. will offer employee buyouts: GE Aviation will reduce engine staff by half, Aviation Strength Lifts GE Earnings, Stock, GE Guides to Low End of Outlook on Inflation, Supply Chain Woes, Connected Manufacturing The 5 most impactful use cases for Industry 4.0. "We are putting our technology expertise, leadership, and global reach to work to better serve our customers.". EVENDALE, Ohio May 4, 2020 GE (NYSE:GE) Vice Chair and President and CEO, GE Aviation David Joyce today issued the following message to GE Aviation employees: Let me start by saying thank you for the way you all have responded during the COVID-19 crisis - staying focused on protecting the health of one another and supporting our . In one such case, the company is contributing to a $6.7 million program, in which it aims to identify ways of reducing the cost of producing turbine blades for offshore wind farms. INDUSTRY , https://www.marketwatch.com/story/ge-has-nearly-halved-its-u-s-workforce-in-3-years-with-more-job-cuts-likely-11613160793, Feb 13, 2021 But it isnt all about COVID. The company has spun off or sold several of its units under Culp as the executive has tried to simplify the conglomerate's business structure. It's been an unusual last three months for General Electric . Such projects have since seen GEs Aviation division start 3D printing rather than investment casting four of its own gas turbine engine parts, reducing its related costs by up to 35%, while its long-term research alongside the University of Maryland and Oak Ridge National Laboratory recently yielded a unique 3D printed heat exchanger, thats capable of operating at temperatures of up to 900oC. GE stock got a further boost Tuesday when Oppenheimer upgraded shares to outperform from perform. Low pay for the job and industry ($73.5k). "After years of debt reduction, restructuring and the implementation of a decentralized business model, these businesses are ready to stand on their own with the expectations of more consistent results," Third Bridge analyst Peter McNally said. The stock has lost 2% annually since 2009, compared with a 9% annual return for the S&P 500, according to FactSet. Hydrogen Takes Flight: Airbus and CFM International To Partner On Hydrogen-Fueled Demonstration. Neither your address nor the recipient's address will be used for any other purpose. in cash and assets, including previously announced cuts by the company of 10% cut to its U.S. workforce. Mar 14, 2022 More than 4,000 aviation industry layoffs have occurred since the first award was announced. with gross debt expected to total less than $65 billion by the end of 2021. The job cuts are the latest mounting woes for the aviation sector that are now expected to last into 2021 as U.S. passenger air travel demand has fallen by 95%. Its also likely that the segment accounts for much of its 3D printing activities, given that its known to operate at least 27 Arcam 3D printers which produce parts for its GE9X commercial aircraft engines. The company will be divided into separate units focused on aviation, health care and energy. Howmet also has not been alone in seeking layoffs: GE Aviation President and CEO David Joyce laid out a plan in May for a 25-percent permanent reduction to the company's global employee base of about 52,000 people. "We have a responsibility to move with speed to shape the future of flight, advance precision health and lead the energy transition," said company chairman and chief executive Lawrence Culp, who will retain a leadership role in the new aviation group. By David Shepardson. Over the past decades, GE has sold or spun off most of its subsidiaries, with four remaining segments: GE workers protest at two facilities after coronavirus layoffs, GE Current: Layoffs & Potential Relocation Inside Lighting, GE union says some Lynn jobs to be moved other locations , GE has nearly halved its U.S. workforce in 3 years, with more , General Electric has tried everything, except investing in , GE growth flat as split leads to restructuring and separation costs, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. The Boston-based conglomerate in May announced plans to cut the global workforce at its aviation unit by as much as 25% in 2020, or up to 13,000 jobs. According to the various reports, Boeing Co (BA.N) states that it would cut 10% of its global workforce, or 16,000 jobs, due to the less production rates, whilst the supplier SpiritAero Systems Holdings (SPR.N) will be cutting another approx. General Electric Layoffs: Employees and visitors discuss possible upcoming job cuts: size, location, positions, media coverage! GE union says some Lynn jobs to be moved other locations, but GE says no layoffs. The results include a $2.9 billion loss from .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}the planned sale of GE Capitals jet-leasing business. Broadly speaking, GE splits its results into five key categories: Power, Renewable Energy, Aviation, Healthcare and GE Capital. GE has revealed that it managed to return to revenue growth during Q2 2021 thanks in part to a strong recovery in demand within its Aviation business. https://www.wsj.com/articles/general-electric-ge-1q-earnings-report-2021-11619522414. He said the new entities will "benefit from greater focus, tailored capital allocation and strategic flexibility to drive long-term growth and value.". Earlier in November, GE stock cleared an 8.67 buy point in a cup base within a longer consolidation, according to MarketSmith chart analysis. DURHAM. Can I Be Laid Off While On Workers Compensation? . Create operational efficiencies and a safer work 7 Benefits of Adopting Smart Manufacturing - CAN TAL, 7 Benefits of Adopting Smart Manufacturing. https://komonews.com/airlines-worker-shortages-after-getting-billions-covid-relief-holiday-travel, Nov 23, 2021 Since March of last year, airlines took $54 billion to prevent mass layoffs and weather the storm of COVID-19. American, Delta, and United spent a year laying off workers. MAYFIELD, Ohio Progressive will layoff 76 employees from its campus in Mayfield. Boeing Co. and GE Aviation both announced measures today to cut staff as factories close their . The relative strength line for GE stock is rising within a multiyear downtrend. A Window into the Microsoft Trade. The firm has now wiped more than $70 billion off its debt since 2018, and it made a $7 billion tender during Q2 2021, while its improved balance has enabled it to reduce its credit facility by $5 billion. US Growth Cools in First Quarter as Recession Fears Deepen. This copy is for your personal, non-commercial use only. Apr 27, 2022 Overall revenue was bolstered by GEs aviation business, which produced $5.6 GEs last major round of local layoffs happened in 2018. https://www.whsv.com/2021/02/05/dynamic-aviation-confirms-staff-layoffs/. Sign up for free newsletters and get more CNBC delivered to your inbox. GE , https://www.bostonglobe.com/2022/01/27/business/ge-union-says-some-lynn-jobs-be-moved-other-locations-ge-says-no-layoffs/, GE union says some Lynn jobs to be moved other locations, but GE says no layoffs . The move, announced Tuesday, comes after more than a decade of losses for the Boston-headquartered conglomerate. The moves are a ways off so specific naming decisions have not yet been made, but the current General Electric will be the aviation-focused company. Close to 200 workers in Fort Edward are facing layoffs after General Electric announced that it is considering a shutdown of an upstate manufacturing, https://www.timesunion.com/business/article/GE-growth-flat-as-three-way-split-leads-to-17127493.php. All rights reserved. Culp was appointed head of GE in October 2018 in an attempt to raise the bar, including pledging to alleviate the company's debt. General Electric was co-founded in the late 1800s by Thomas Edison and went through several transformations over the last century as the U.S. economy changed, becoming a leader in appliances, jet engines and power turbines. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. UNDERSTANDING AUTOMOTIVE CYBERSECURITY: Common Threats, Proactive Prevention, Evolution of the Service Experience: The Aftermarket Becomes the Driver of Differentiation and Value. 2021 12:01 pm ET. According to Transport Topics, Boeing currently has tentative plans to reopen those factories for an overnight shift starting April 7 as the situation on the West Coast slowly stabilizes. The Boston-based conglomerate in May announced plans to cut the global workforce at its aviation unit by as much as 25% in 2020, or up to 13,000 jobs, citing prolonged aircraft reduction schedules caused by the pandemic. . News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. The job cuts are the latest setback for the aviation sector, with the industry's woes expected to last into 2021 even as U.S. regulators ended a 20-month grounding of Boeing Co's Max 737 jets and . The GE Power business, which has a major presence in Schenectady, would be spun off as a new company, as would the Healthcare business, leaving only the Aviation business to carry on as "General . Click here to sign in with #GE #Layoffs - Follow the. This Truck Giant Leaves Tesla Semi In The Dust As Breakout Nears. GE Aviation since March has laid off 558 full-time employees and 47 part-time workers in Cincinnati and related sites, the company said in a WARN notice to Ohio . Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Here are some COVID layoff highlights I'm seeing from Talent Airport (brought to you by Ongig & Friends) . Authors may own the stocks they discuss. The company has now cut its total workforce by 139,000 people, or 44.4%, over the past three years. GE cut 225 jobs at its Schenectady facilities amid concerns over the power market. This document is subject to copyright. Despite the recent outperformance, GE shares have badly underperformed the market over the last two decades. General Electric warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. By David Shepardson. 2022 01 Ge current layoffs .jpg. Is Pfizer Stock A Buy Or A Sell As The RSV Vaccine Battle Shapes Up? Founded at the end of the 19th century by inventor Thomas Edison, General Electric has long been a flagship of American industry, with a sprawling presence in many sectors, from electricity transmission to finance, media and computers. https://www.cincinnati.com/story/news/2020/11/25/ge-aviation-eyeing-more-layoffs-wake-pandemic/6425022002/, Nov 25, 2020 Evendale-based GE Aviation is eyeing more layoffs in the wake of the coronavirus pandemic, according to a recent report in the Wall Street , https://www.cnn.com/2020/05/04/business/ge-aviation-job-cuts/index.html, May 4, 2020 GE Aviation on Monday announced plans to accelerate its cost-cutting by permanently reducing its global workforce by as much as 25% this year , https://www.cnbc.com/ge-workers-protest-at-two-facilities-after-coronavirus-layoffs/. Who do you think should make the shortlists for this years show? The team is committed to innovating for a more sustainable world with leading positions in the future of flight, precision health, and the energy transition, concluded Lawrence Culp Jr. With our focus on profitable growth and cash generation, I am confident we are well-positioned to achieve high single-digit free cash flow margins over time., GE is transforming into a more focused, simpler, and stronger high-tech industrial company.. The insurance company filed a notice to the Ohio Department of Job and Family Services to announce the . GE said the job cuts in 2020 were primarily as a result of restructuring, including actions to manage risk, reduce the financial impact of the pandemic and business exits. GE Aviation and Safran Launch Advanced Technology Demonstration Program for Sustainable Engines; Extend CFM Partnership to 2050. The content is provided for information purposes only. and Terms of Use. The one-two punch of COVID-19s impact on factories and airlines has dealt a brutal blow to aviation manufacturers in the United States. The GE Aviation job layoffs consists of the $3 billion approx. During Q2 2021, Power was the companys fastest growing division, and it generated $4.8 billion worth of orders, 67% more than the $2.9 billion reported in Q2 2020. no love at ge aviation Stephen Levine May 5, 2020 Evendale, Ohio-based GE Aviation, manufacturer of aircraft engines and components, is responding to the worldwide COVID-19 pandemic and airline travel restrictions by announcing a reduction in force of approximately 13,000 jobs worldwide using both voluntary and involuntary layoffs. The company has now cut its total workforce by, GE Growth Flat as Split Leads To Restructuring and , GE Aviation eyeing more layoffs in wake of pandemic, GE is cutting up to 13,000 aviation jobs CNN, GE workers protest at two facilities after coronavirus layoffs, GE has nearly halved its U.S. workforce in 3 years, with more , GE union says some Lynn jobs to be moved other locations , Boeing, GE Face Big Aerospace Hiring Crunch Bloomberg.com, GE Plans More Job Cuts in Aviation Division WSJ, Boeing, GE Aviation to Cut Staff with Buyouts, Layoffs, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. That being said, following the results publication, shares in the firm have risen 3% premarket, suggesting that investors are mildly encouraged by GEs turnaround. Although GEs leadership has responded to its growth revival by increasing its FY 2021 outlook for free cash flow, the firms revenue, margin expansion and EPS projections remain the same. GE lays off 12,000: What we know about the local impact. https://www.marketwatch.com/story/ge-has-nearly-halved-its-u-s-workforce-in-3-years-with-more-job-cuts-likely-11613160793, Feb 13, 2021 Among GEs business segments, Aviations workforce was cut the most, by 23.1% to 40,000 employees, followed by Healthcare, which lost 16.1% , https://www.bostonglobe.com/2022/01/27/business/ge-union-says-some-lynn-jobs-be-moved-other-locations-ge-says-no-layoffs/, GE union says some Lynn jobs to be moved other locations, but GE says no layoffs . By using our site, you acknowledge that you have read and understand our Privacy Policy Learn how to trade stocks like a pro with just 3 email lessons! The company announced Tuesday that it would layoff workers at the plant at 3131 Main St. Investors embraced the news. On November 9, 2021, General Electric (NYSE: GE GE -1.1%, $93.13, Market Capitalization: $102.3 billion) announced its plan to form three investment-grade, industry-leading, global public . This story has been updated to reflect that GE announced it would lay off 10% of its aviation workforce, not its total U.S. workforce. When It Comes to Industry 4.0, the Journey is the Destination. That's the topic GE Aviation President and CEO John . How many employees did GE layoff? A Division of NBCUniversal. The stock has come under pressure due to a combination of negative sentiment on commercial aviation and weakness in renewable energy. . Market Trend. Company information: Industry/Area of Activity: Medical Equipment & Supplies , https://www.cnbc.com/ge-workers-protest-at-two-facilities-after-coronavirus-layoffs/. Meanwhile, the Boeing 737 Max has received U.S. approval to reenter service following two fatal flights, one each in 2018 and 2019, and certifications from other international regulators should soon follow. Sign up for free today. The move comes less than two weeks after GE announced it would cut all workers in the division by 10% on March 23. The additional cuts announced by GE on Monday come after Boeing last week said it would cut 10% of its global workforce, or about 16,000 jobs. The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus . But widespread vaccinations aren't expected until spring or summer of 2021. GE Aviation also intends to pursue more opportunities in the military sector. A union that represents nearly half of General Electric's workforce at its jet engine plant in Lynn said it has . Get this delivered to your inbox, and more info about our products and services. 2023 CNBC LLC. *Real-time prices by Nasdaq Last Sale. The Chicago-based plane manufacturer stands to benefit from the bill, which included $17 billion for firms vital to maintaining national security, a likely reference to Boeing. The company will be divided into separate units focused on aviation, health care and energy. the planned sale of GE Capitals jet-leasing business, adidas Promo Code - Up to 50% Off 3-Stripe Favorites, 60% off running shoes and apparel at Nike without a promo code, Walmart coupon - Up to 60% off stock-up essentials + an extra $10 off, Groupon Promo Code - 30% Off Activities, Dining, More. In Aviation, GEs orders rose from $3.7 billion to $5.5 billion between Q2 2020 and Q2 2021, while its revenue also jumped 10% from $4.4 billion to $4.8 billion. Company information: Industry/Area of Activity: Heavy Machinery & Materials , Messages relating to layoffs at GE Healthcare are presented below the company info. Trending Now. GE Aviation manufactures a wide range of engines for civil and military . The information and content are subject to change without notice. GE Aviation eyeing more layoffs in wake of pandemic, GE Growth Flat as Split Leads To Restructuring and , Dynamic Aviation confirms staff layoffs WHSV, GE workers protest at two facilities after coronavirus layoffs, Airlines struggle with worker shortages after getting billions to , US Department of Labor awards $855K to Kansas to continue , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. . Daily science news on research developments and the latest scientific innovations, Medical research advances and health news, The most comprehensive sci-tech news coverage on the web. We want to hear from you. Tweet. INDUSTRY , https://www.bloomberg.com/opinion/articles/2021-06-11/boeing-ge-face-big-aerospace-hiring-crunch, Jun 11, 2021 U.S.-based aerospace and defense companies have announced more than 115,000 job cuts since the World Health Organization declared the , GE Aviation to lay off nearly 200 in Newark, Jul 6, 2020 In early May, GE Aviation announced that it would cut 25% of its workforce worldwide, or about 13,000 workers, in order to resize its business , https://www.wsj.com/articles/ge-plans-more-job-cuts-in-aviation-division-internal-video-11606224766, https://www.industryweek.com/talent/article/21127844/boeing-ge-aviation-to-cut-staff-with-buyouts-layoffs, Apr 2, 2020 GE Aviation also announced cuts to its workforce.
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