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General Electric said today, Monday, that it intends to reduce its worldwide workforce at its aviation unit this year by as much as 25 percent, or about 13,000 jobs, including voluntary and involuntary layoffs, attributing this to extend the duration of aircraft reduction programs due to the Corona virus pandemic. .
The job cuts are the latest images of the growing problems for the aviation sector that are now expected to continue in 2021 as demand for passenger air travel in the United States fell 95 percent.
Last week, Boeing said it would cut 10 percent of its workforce worldwide, or the equivalent of 16,000 jobs, as it lowered some production rates, while Spirit Aero Systems Holdings, a supplier to Boeing, said the Friday it would cut 1,450 more jobs. .
General Electric shares fell 4 percent, on news of job cuts, to register $ 6.23.
GE Aviation’s job cuts are part of the $ 3 billion cost and liquidity savings the company announced last month, and includes the previously announced job cuts, including a ten percent cut in its US workforce. announced in March.
