GE's Century-Old Locomotive Plant to Cut 575 Jobs to Trim Costs

GE's Century-Old Locomotive Plant to Cut 575 Jobs to Trim Costs

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GE's Century-Old Locomotive Plant to Cut 575 Jobs to Trim Costs

GE Transportation has been battered by a drop of about 10% in the last couple years in North American freight railcar loads. Thousands of locomotives are sitting unused amid dwindling coal production and less demand for crude-oil transport. The division’s sales fell 21% last year to $4.71 billion and have continued sliding in 2017.



Original: http://www.industryweek.com/cost-management-bpm/ges-century-old-locomotive-plant-cut-575-jobs-trim-costs
By: Richard Clough
Posted: July 27, 2017, 10:07 pm

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