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GE Aviation To Shrink Workforce by 25 Percent
Some 13,000 GE employees will lose their job as the company "resizes" to address Covid-19-related business distress.
GE Aviation CEO David Joyce said he sees a continued industry contraction and a protracted recovery.
GE Aviation CEO David Joyce said he sees a continued industry contraction and a protracted recovery.

Further voluntary and involuntary layoffs at GE Aviation will see its 52,000-strong global workforce shrink 25 percent as the company institutes plans over the “coming months” to shave its cost base by $1 billion this year, company CEO David Joyce wrote in a letter to employees dated May 4. The plans, said Joyce, include $2 billion in “cash actions” in 2020 and follow a “comprehensive strategy” under development to re-size the business to match its forecast for the commercial aviation market. 


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