GE Union Urges Company to Bring Back Laid Off Workers to Make Ventilators
General Electric (NYSE: GE) employees at the company's Massachusetts aircraft engine facility held a protest Monday to urge the company to shift to ventilator production instead of cutting 10% of its aerospace workforce.
On March 23, GE Aviation said it was trimming its workforce and temporarily furloughing about half of its remaining employees for 90 days in response to a global travel slowdown. The COVID-19 pandemic has caused airlines to cancel flights and ground planes, eating into demand for aircraft engines and replacement parts.
General Electric is attempting to preserve between $500 million and $1 billion to help the company weather a potential extended downturn.
Source Fool.com
