GE is laying off 20% of its workforce devoted to onshore wind power, costing hundreds of jobs [MSNBC.com]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: MSNBC.com
General ElectricA note was sent out to employees yesterday.related investing news'There's lots to buy in China,' fund manager says and names these 2 EV stocksGanesh Rao16 hours ago"We are taking steps to streamline and size our onshore wind business for market realities to position us for future success. 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," a spokesperson for Renewable told CNBC. is said to be examining its onshore wind footprint in Europe and Asia as well.'s restructuring comes as its renewable energy business faces a trifecta of challenges: Rising input costs, supply chain issues, and competition from the likes ofSiemensInflation Reduction ActAccording to analysis from Melius Research, 's renewables segment is going to generate between $15 billion and $16 billion in revenue this year, and onshore wind will make up the vast majority, roug
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