--General Electric Co. is reducing the size its onshore-wind workforce as part of a turnaround strategy to restructure the business, Reuters reports, citing unnamed sources.
--The onshore-wind unit is the largest of GE's renewable businesses, though as it faces subdued demand, rising costs and supply-chain pressures, it is now being streamlined, the sources said, according to Reuters.
--The job cuts are expected to affect a fifth of the unit's employees in the U.S. and also span Latin America, the Middle East and Africa, and there are plans for cuts in Europe and Asia-Pacific that will happen at a later date, Reuters reports, citing the sources.
Full story: https://reut.rs/3SEBROA
Write to Nihad Ahmed at nihad.ahmed@wsj.com
(END) Dow Jones Newswires
10-06-22 0355ET