by Archana Subramaniam by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SATURDAY, February 27, 1993 TAG: 9302270200 SECTION: BUSINESS PAGE: A-8 EDITION: METRO SOURCE: Associated Press DATELINE: EVENDALE, OHIO LENGTH: Short
GE AIRCRAFT ENGINES TO SLASH 3,900 JOBS
General Electric Co.'s aircraft engines division said Friday it is eliminating 3,900 jobs because of defense budget cuts and reduced orders from struggling commercial airlines.GE Aircraft Engines said 2,300 salaried employees and 1,600 hourly workers will lose their jobs. Most of the layoffs will be immediate; others will come later in the year.
Most of the job losses will come at the jet engine division's headquarters plant near Cincinnati.