Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Stock Traders Daily
$20.00
Provider: Stock Traders Daily
$20.00
Provider: Pechala's Reports
$15.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

General Electric Co CFO Says Job Cuts To Be Part Of Ongoing Restructuring-DJ


Thursday, 21 Feb 2013 09:09am EST 

Dow Jones reported that General Electric Co's Chief Financial Officer (CFO) Keith Sherin said that the conglomerate plans to cut jobs and close facilities as it deploys some proceeds from its pending sale of its remaining NBCUniversal stake to accelerate an ongoing restructuring. Mr. Sherin didn't specify the number of any planned job cuts or identify facilities that will be closed. But he said the Company sees a heavy opportunity for cost cuts as it continues streamlining its energy-related businesses, which it broke into three units last year to remove a layer of management as well as in its health-care division. GE previously said it planned to cut costs by about $2 billion over two years, primarily by restructuring some of its European operations and consolidating certain back-office functions. Mr. Sherin reiterated Thursday that the amount of restructuring now will be greater, saying the pay back of the moves will come in about 18 months. 

Company Quote

25.625
0.185 +0.73%
24 Oct 2014