GE to Cut 12,000 Jobs in Its Power Business

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GE to Cut 12,000 Jobs in Its Power Business
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"This decision was painful but necessary for GE Power to respond to the disruption in the power market," division chief Russell Stokes said in the statement. "Power will remain a work in progress in 2018. We expect market challenges to continue, but this plan will position us for 2019 and beyond."

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