General Electric reduced its staff by 30 thousand employees in 2018


The annual report of General Electric showed that the American corporation in 2018, carrying out the restructuring of operations, sold a number of assets and reduced the number of staff by 30 thousand to 283 thousand. This figure was the lowest in the last 10 years. The excess production capacity of the energy division caused the sale of part of its operations to private equity funds, which led to a reduction in the number of its employees by 24,000. In addition, staff at General Electric headquarters were cut. At the end of last year, the company's debt amounted to 110 billion dollars, having decreased from 134 billion 600 million dollars in 2017. The management of the company plans this year to further reduce the debt through the sale of assets. Therefore, in 2019 its staff will continue to decline.

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