HomeAnalysisCovid-19 : GE is cutting up to 13,000 jobs at its jet...

Covid-19 : GE is cutting up to 13,000 jobs at its jet engine division

General Electric is cutting as many as 13,000 jobs in its jet engine business after the coronavirus pandemic brought devastation to the aerospace industry.

GE Aviation on Monday announced plans to accelerate its cost-cutting by permanently reducing its global workforce by as much as 25% this year through a mix of layoffs and voluntary actions. This includes the previously-announced plan to cut 10% of GE Aviation’s US workforce.
The moves are designed to cope with an “unprecedented” and “deep contraction” of the commercial aviation business, the company said.

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