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GE Plans 12,000 Job Cuts as New CEO Revamps Power Unit

Trending story found on www.bloomberg.com
GE Plans 12,000 Job Cuts as New CEO Revamps Power Unit
General Electric Co. is planning to cut 12,000 jobs in its power business, a person familiar with the matter said, as the company’s new leaders move to slash costs and stabilize the beleaguered manufacturer.
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