Author Topic: Lazard report on energy  (Read 7272 times)


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Re: Lazard report on energy
« Reply #70 on: December 07, 2017, 05:50:21 AM »

General Electric announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants.


GE rival Siemens is cutting about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.