conglomerate industry layoffs 2017

Eaton Corp. Closing Light Factory in Houston, Laying Off 52 Workers

Eaton Corporation Layoffs

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…)


GE Slump Continues, Putting Thousands of Jobs at Risk

GE slump

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…)

GE Preparing for Layoffs, Says Source

Fort Wayne - Circa April 2017: General Electric Factory. GE is the world's Digital Industrial Company XIII

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.