Eaton Corp Layoffs 52 Employees The entire light factory owned by Eaton Corporation PLC (NYSE:ETN) in Houston, Texas will be shutting down. The resulting Eaton Corp layoffs will impact 52 employees. The facilities focused on manufacturing LED lights used in the oil and petrochemical sector. The warehouse was also in the business of producing explosion-resistant lights. (more…)
Honeywell International Inc. (NYSE:HON) has announced another round of layoffs at its facility in Metropolis, Illinois. The multinational conglomerate said it will be laying off 170 employees and an unnumbered amount of contract workers at its uranium hexafluoride (UF6) processing facility.
The General Electric layoffs in 2017 continue to mount, numbering in the hundreds and affecting workers across the U.S. The General Electric Company (NYSE:GE) has found itself stuck in financial woes as earnings reports continue to disappoint and the company struggles to recover from years of downturns. The company, which employs over 100,000 employees in the (more…)
General Electric Company (NYSE:GE) slashed its profit forecast on the back of a poor earnings report that fell well below expectations, painting a turbulent time ahead for the company that employs over 100,000 employees in the U.S. A growing GE slump could mean a continued reduction of the company’s workforce in the U.S. GE finds itself (more…)
A Reuters Story Reveals That Large Cuts May Be in Store for the Giant General Electric Company (NYSE:GE) will be looking to make large cuts and shed jobs in order to help make up for a weak year on the stock market, a source close to the situation told Reuters.
A decline in sales from the company’s larger fiberglass sterndrive engine business and inboard boats has prompted Brunswick Corporation (NYSE:BC) to jettison 90 employees and furlough 130 more at its Palm Coast, Florida production facility.
Under pressure to cut costs, General Electric Company (NYSE:GE) is looking to end production at it locomotive parts plant in Erie, Pennsylvania, a move that will result in the loss of 575 jobs. The century-old factory is a casualty of the sharp downturn in the domestic rail market.
GE Transportation confirmed another round of broad-based layoffs, which will occur over the next 30 days in Erie and Grove City, Pennsylvania.
General Motors is Laying Off Hundreds at Michigan Factory The biggest automobile manufacturer in the U.S., General Motors Company, is eliminating one of the two shifts at its transmissions plant in the state of Michigan.