General Electric is slashing its aviation workforce, which makes jet engines, in the U.S. by about 10% as the coronavirus outbreak grounds airlines
) aircraft, employed about 52,000 people globally as of 2019, with about half of them working in the United States.
Global airlines are seeking tens of billions dollars in state bail-outs to absorb the shock from the coronavirus crisis, as they ground almost entire fleets and place thousands of workers on unpaid leave to stay afloat. "What we don't know about the magnitude and duration of this pandemic still outweighs what we do know," GE's Culp said in a letter to employees on Monday, adding that he would forgo his salary for the rest of 2020. FILE PHOTO: General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting in Tarrytown, New York, U.S., May 8, 2019.
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