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GE Vernova May Cut 900 Offshore Wind Jobs
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
GE Vernova to trim offshore wind unit, slashing hundreds of jobs
GE Vernova (NYSE:GEV) said it plans to cut the size of its offshore wind business, a move that could result in the elimination of 900 jobs around the world, Reuters reported Thursday. GE Vernova (GEV) cited cost inflation and supply chain challenges that have hurt the wind sector over the last year,
GE Vernova to shrink offshore wind business with 900 jobs at risk
GE Vernova is planning a downsizing of its offshore wind business that Recharge understands could affect up to 900 jobs globally. The US-based energy technology group said late today (Thursday) that it had “submitted a proposal to the GE Vernova European Works Council related to proposed changes in our Offshore Wind business globally.
‘Industry challenges’ see GE Vernova reorganise offshore wind business
The company’s aim is to focus to return its offshore wind business to profitability and integrate it into GE Vernova’s wind segment, as per its previously announced turnaround strategy.
GE Vernova to cut 900 jobs as offshore wind sector faces headwinds
GE Vernova has announced plans to downsize its offshore wind division, cutting approximately 900 jobs worldwide.
France braced for impact from GE Vernova offshore wind downsizing
France looks set to bear the brunt of GE Vernova’s plans to cut the size of its offshore wind operation, with unions there warning the move poses a threat to the future development of the nation’s energy sector.
GE Vernova plans 'leaner' offshore wind unit, will cut hundreds of jobs
Energy equipment maker GE Vernova said on Thursday it planned to slash the size of its struggling offshore wind business, a move that could cut 900 jobs around the world.
GE Vernova doing well, except for offshore wind issues
GE Vernova, which has significant operations in Schenectady, says it will have up to $35 billion in 2024 revenue.
GE Vernova Says It May Cut 900 Jobs in Offshore-Wind Revamp
GE Vernova Inc. may cut about 900 jobs globally as it moves to shrink its offshore wind business. In a proposal to a group that represents European employees, GE Vernova said Thursday it intended to transform its offshore business globally into a smaller,
2d
on MSN
Watch These GE Vernova Price Levels as Stock Trading Near Record High
Key Takeaways GE Vernova shares will likely remain on watchlists Wednesday after hitting a new record high yesterday ...
pv-magazine-usa
7h
Sunrise brief: GE Vernova and Fronius each introduce new solar inverters
Strategies for hiring a solar workforce. Firebrick thermal energy storage could reach 170 GW in the U.S. by 2050. And more.
1d
on MSN
Calls of the Day: Elanco Animal Health CEO, Casey's General Store, GE Vernova, Spotify
John Legend took to his Instagram account while sitting in his Beverly Hills home to say that Haitian migrants in his home ...
3d
on MSN
Why GE Vernova Stock Is Rallying for a Seventh Straight Session Tuesday
GE Vernova shares rose Tuesday for the seventh straight session as analysts said the company is a "likely benefactor" of ...
pv-magazine-usa
1d
GE Vernova releases 2,000 V (DC) utility-scale inverter
GE Vernova has developed a 2,000 V (DC) utility-scale inverter, to be used in a North American pilot operation starting in ...
3d
on MSN
GE Vernova gains again as BofA upgrades, hikes price target to Street-high $300
GE Vernova (NYSE:GEV) +3.5% in Tuesday's trading to a fresh record high, poised for its seventh straight daily gain, after ...
3d
GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst
GE Vernova upgraded to Buy by BofA Securities, price target raised from $200 to $300. Analyst sees potential in Gas Power ...
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