About: http://data.cimple.eu/news-article/250db90089b9e985e47703244b839ee58beaa9d65bbd527ebfecf6b0

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/250db90089b9e985e47703244b839ee58beaa9d65bbd527ebfecf6b0 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders. The cuts will be a mix of voluntary departures and layoffs and come after an initial wave of 2,600 job cuts in March, GE said in a statement. The company aims to reduce its aviation employment base by 25 percent, or some 13,000 employees. The austerity program, which will affect all geographic zones, is reflective of the rough time the entire aviation sector is going through. Boeing announced last week that it was cutting 16,000 jobs, about 10 percent of its workforce, in civilian aircraft manufacturing. It also heavily reduced production of its long-haul 787 and 777/777X planes. The company has yet to announce a date when it will resume assembly of its flagship 737 MAX aircraft. Airbus has similarly reduced production. GE is directly affected by these decisions, as it makes plane engines for Boeing and Airbus. Global air traffic is expected to fall 80 percent during the second quarter compared to February, GE said in a letter to 52,000 employees. "To protect our business, we have responded with difficult cost-cutting actions over the last two months," CEO David Joyce said in the letter. "Unfortunately, more is required as we scale the business to the realities of our commercial market." The job cuts are part of a $3 billion savings plan that will be implemented this year. In addition, half of the employees in charge of aviation maintenance and repairs are out of work for three months. Hiring has also been frozen and bonuses canceled. GE, which makes aircraft engines in a joint venture with the French company Safran, CFM, saw revenue fall by eight percent to $20.52 billion in the first quarter. The aviation division's revenue plunged 13 percent to $6.9 billion, while its orders were down 14 percent. The group, which warned at the end of April that the worst was yet to come, has not sought the financial aid that US President Donald Trump has promised to companies in order to protect jobs. lo/le/to/ft
schema:headline	General Electric to cut 10,000 aviation jobs
schema:mentions	Boeing 737 MAX Flagship French language Chief executive officer Pandemic Severe acute respiratory syndrome coronavirus 2 President of the United States Donald Trump David Oliver Joyce The Austerity Program CFM International Safran GE Aviation Boeing 777X The Cuts The Job (2001 TV series)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	63 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software