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GE cuts 12K power jobs as demand, renewables, skew market

General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels......»»

Category: topSource: foxnewsDec 7th, 2017

Demand for alternative energy prompts General Electric to cut 12,000 jobs

The cuts, which represent 18 percent of all jobs in GE Power, will take place largely outside the united States......»»

Category: topSource: washpostDec 7th, 2017

GE Cuts 18% of Jobs in Power Unit After Misjudging Demand

GE said it was cutting 12,000 jobs in its power business, or nearly 20% of the unit’s workforce, as the conglomerate slashes costs and battles overcapacity in its core business......»»

Category: topSource: wsjDec 7th, 2017

Siemens to cut 6,900 jobs as turbine demand tumbles

Siemens says it plans to cut about 6,900 jobs, or close to 2 percent of its global workforce. The hammer will fall hardest on a power and gas division hit hard by the rapid growth of renewables. David Pollard reports......»»

Category: videoSource: reutersNov 17th, 2017

HP Plans Up to 4000 Job Cuts Over Three Years Amid PC Slump - Bloomberg

BloombergHP Plans Up to 4000 Job Cuts Over Three Years Amid PC SlumpBloombergHP Inc. plans to cut 3,000 to 4,000 jobs over the next three years to help bring costs in line with slumping demand in the market for personal computers and printers. The company.....»»

Category: topSource: googlenewsOct 13th, 2016

These Are the 20 Hottest Emerging Jobs, According to New LinkedIn Research

Technology skills are in high demand in today's competitive job market, but so are softer people skills, according to a new study by LinkedIn......»»

Category: topSource: incDec 12th, 2017

GE"s power division planning to cut 12,000 jobs

GE Power, a division of Boston-based General Electric Co. (NYSE: GE), said Dec. 7 that it plans to cut 12,000 jobs across the globe as part of a plan to reduce costs by $1 billion in 2018. GE said the cuts are a result of challenges in the power ma.....»»

Category: topSource: bizjournalsDec 7th, 2017

GE Slashes 12,000 Jobs In Troubled Global Power Business

A day after labor unions warned that General Electric was planning thousands of job cuts in its troubled power-generation unit, GE confirmed that it’s planning to cut 12,000 jobs globally in it.....»»

Category: blogSource: zerohedgeDec 7th, 2017

GE cuts 12,000 jobs in its power business amid "significantly lower" volumes

Shares of General Electric Co. rose 0.6% in premarket trade Thursday, after the industrial conglomerate said its power business was cutting 12,000 jobs globally, in both professional and production departments. GE Pow.....»»

Category: topSource: marketwatchDec 7th, 2017

General Electric to cut 12,000 jobs in power business revamp

ZURICH (Reuters) - General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants......»»

Category: topSource: reutersDec 7th, 2017

General Electric Co. to cut 12,000 jobs in its power division as renewable energy use grows, demand for coal wanes

General Electric Co. to cut 12,000 jobs in its power division as renewable energy use grows, demand for coal wanes......»»

Category: topSource: foxnewsDec 7th, 2017

General Electric to cut 4,500 jobs in Europe -- source

General Electric Co plans to cut as many as 4,500 jobs in Europe as the US industrial conglomerate shrinks its troubled power generation business, a labour union source said on Tuesday. The cuts, ........»»

Category: topSource: thehindubusinesslineDec 7th, 2017

GE cuts jobs in Schenectady power business

General Electric is cutting an undisclosed number of jobs in Schenectady, New York, as the company shaves $1 billion from GE Power's budget. "Based on the current challenges in the power industry and a significant decline in orders, GE Power conti.....»»

Category: topSource: bizjournalsDec 1st, 2017

Luminant cuts about 600 jobs as it closes Texas coal plants

Electricity generator Luminant is cutting about 600 jobs as it closes three coal-fired power plants and a mine in Texas......»»

Category: topSource: foxnewsNov 20th, 2017

Germany"s Siemens to Slash Jobs Amid Shift to Renewable Energy

Germany’s Siemens AG said it would cut 6,900 jobs as it wrestles with a sharp slowdown in demand for turbines used in fossil-fueled power plants, the latest restructuring move by a global industrial giant......»»

Category: smallbizSource: wsjNov 16th, 2017

Siemens to cut nearly 7,000 jobs in sweeping revamp

Siemens AG announced the most sweeping round of job cuts in years with a plan to eliminate about 6,900 positions worldwide and close factories, as Europe’s biggest engineering company grapples with a sharp drop in orders for power-plant equipment......»»

Category: topSource: moneycentralNov 16th, 2017

Siemens to cut 6,900 jobs to tackle flailing turbines business

FRANKFURT (Reuters) - Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables......»»

Category: topSource: reutersNov 16th, 2017

Oil prices slump as energy watchdog cuts demand forecast

The oil market's declines accelerated sharply Tuesday as evidence of rising U.S. output and a gloomier outlook for demand growth in an International Energy Agency report weighed on prices......»»

Category: topSource: moneycentralNov 14th, 2017

Oil prices slump as energy watchdog cuts demand forecast

The oil market's declines accelerated sharply Tuesday as evidence of rising U.S. output and a gloomier outlook for demand growth in an International Energy Agency report weighed on prices......»»

Category: topSource: moneycentralNov 14th, 2017

Oil markets stable as markets tighten, but analysts expect volatility ahead

Oil markets were slightly down but stable on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices......»»

Category: topSource: foxnewsNov 10th, 2017

Capital One exiting the home mortgage market

Capital One Financial Corp. says it will get out of the home lending business and close a customer contact center in Texas, eliminating about 1,105 jobs. About 750 of the job cuts will come from its mortgage and home equity operations in Plano, T.....»»

Category: topSource: bizjournalsNov 9th, 2017