GEAE plans to lay off 13 percent of workers, cites lower deliveries
GE Aircraft Engines, saying that aircraft manufacturers anticipate deliveries of new aircraft to decline sharply over the next two years, said yesterday it will lay off up to 4,000 workers, or 13 percent of its 30,000 employees by early next year. GEAE said that prior to Sept. 11 it had expected a...
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