DECEMBER 17, 2020 — ANOTHER WARNING OF FUTURE CUTS
Once again the company has suggested that there will be additional job cuts in 2021 as John Slattery, GE Aviation CEO noted, "As we continue to closely monitor market conditions, we are examining a range of options to appropriately scale our business to match the realities of the global airline industry recovery from the severe impacts of COVID-19 and additional job cuts would be a component of those options.”
NOVEMBER 24, 2020 — MAJOR CUTS IN THE IMMEDIATE FUTURE
Recently appointed (September 1, 2020) John Slattery, GE Aviation CEO, has told employees that “business conditions are difficult and the unit would need to shrink over the next 18 months.”
Slattery refused to specify numbers and locations but noted that “More jobs would be lost, but the cuts would be more focused than two rounds of layoffs earlier this year that ultimately eliminated 25% of the division’s 52,000 global employees.”
“The business revenue and profit projections not only for this year but next year and the year after are fundamentally lower than what we originally budgeted or expected. Overall, particularly in our commercial sector, we’ll be a smaller business and our cost structure simply must align.”
More details coming 1st quarter 2021.
JULY 8, 2020 — Previous post…
Evendale, Ohio-based GE Aviation, a subsidiary of General Electric and a major major aircraft engine manufacturer, has announced that the company will lay off 208 employees in Evendale, Ohio on July 24, 2020.
The layoffs are part of the global reduction of 25% of the global workforce.
The company has previously laid off 558 full-time employees and 47 part-time workers this year in Evendale, Ohio, and Beavercreek, Ohio.
According to a company spokesperson, “These actions are consistent with previously-announced plans to reduce our workforce due to the unprecedented impact of COVID-19 on the commercial aviation industry. We appreciate the commitment of all our employees during this difficult time, and we regret having to take this action. We remain focused on protecting the safety of our employees, continuing to serve our customers, and preserving our capability to respond as the industry recovers.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?