GE's aviation unit to cut U.S. workforce by about 10% -CEO
In this article:
March 23 (Reuters) - General Electric Co's aviation unit plans to cut its total U.S. workforce by about 10%, Chief Executive Officer Larry Culp said on Monday, as airlines delay purchases amid the coronavirus pandemic.
In a letter to employees, Culp also said he would forgo his salary for the rest of 2020. (https://reut.rs/3aetSlc)
The company's aviation business makes engines for Boeing Co and Airbus SE planes. (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)
