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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.
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,
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 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.
15h
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 ...
pv-magazine-usa
17h
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
GE Vernova: Full Power Ahead
Read an update on GE Vernova's potential in the energy transition, strong backlog, and improving margins, but execution is ...
7d
Vineyard Wind blade issues still dragging down GE Vernova’s wind power business
The company had hoped to turn a profit in its wind division this quarter, but now that’s been delayed until the end of the ...
7d
Broken Blades, Angry Fishermen and Rising Costs Slow Offshore Wind
Accidents involving blades made by GE Vernova have delayed projects off the coasts of Massachusetts and England and could ...
2d
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 ...
The Business Journals
4d
GE Vernova pegs $300M loss to offshore wind blade failures in New England and the U.K.
Offshore wind blade failures bite into
GE
Vernova
's 2024 profits. “Time is an enemy for us here," said CEO Scott Strazik. The Cambridge-based company responsible for three offshore wind blade ...
2d
on MSN
Why GE Vernova Stock Is Rallying for a Seventh Straight Session Tuesday
Key Takeaways GE Vernova shares rose Tuesday for the seventh straight session as Barclay analysts said the company is a ...
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