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GE Cuts 12,000 Power Division Jobs

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News video: GE Cuts 12,000 Power Division JobsGE Cuts 12,000 Power Division Jobs

GE Cuts 12,000 Power Division Jobs GE will cut one in five Power unit positions as its new CEO plans to cut structural costs by $3.5 billion.

Russell Stokes, GE Power CEO The company is also grappling with low coal and gas product sales due to a dip in usage and a growth in renewable energy, USA Today said..

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