GE is laying off 20% of its U.S. 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
In this articleThe Invenergy Judith Gap wind farm in central Montana, uses 90 wind turbines from .William Campbell | Corbis Historical | Getty ImagesGeneral ElectricA note was sent out to employees Wednesday."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 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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