General Electric Co. warned employees that more job cuts are coming to the conglomerate’s jet-engine business because of the pandemic’s impact on commercial air travel even with the promise of a vaccine on the horizon.
In an internal video message delivered a week before the Thanksgiving holiday, GE Aviation’s new boss John Slattery said business conditions are difficult and the unit would need to shrink over the next 18 months, according to people familiar with the matter.
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This post first appeared on wsj.com
