GE Warns of More Job Cuts at Aviation Business Amid Sluggish Recovery

GE Warns of More Job Cuts at Aviation Business Amid Sluggish Recovery
The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, on Oct. 19, 2019. Vincent Kessler/Reuters
Reuters
Updated:

General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.

The job cuts are the latest setback for the aviation sector, with the industry’s woes expected to last into 2021 even as U.S. regulators ended a 20-month grounding of Boeing Co’s MAX 737 jets and COVID-19 vaccine developers reported positive data.