GE Aircraft Engines to Cut 1,000 Jobs
October 11, 2002
Associated Press - General Electric Co.'s jet engine division, Evendale, Ohio, said it will eliminate 1,000 jobs worldwide this year and as many as 1,800 additional jobs in 2003 because of a slump in the airline industry. GE Aircraft Engines employs about 26,600 people worldwide, including 7,000 in the Cincinnati area at its headquarters and engine service shops. According to the company, the cuts are necessary because of the U.S. airline industry's losses and carriers' decisions to ground some jets and reduce flight schedules and engine orders.