GE lays off 12,000: What we know about the local impact


General Electric Power said Thursday it will cut 12,000 jobs, and so far, it appears no operations in the Dayton and West Chester Twp. areas are affected.

“We can confirm no GE Power job impacts are being announced today in Ohio,” a GE Power spokeswoman said Thursday.

Meanwhile, GE Aviation positions in Dayton will not be impacted, said a seperate spokesperson.

“The GE Aviation operations in Dayton and greater Cincinnati are not affected,” spokesman Rick Kennedy said. “We are very fortunate to have a 15,000-engine backlog. And the EPISCenter near your office is very busy.”

There are GE Power positions in Cincinnati and West Chester,  but it was not immediately clear how many. 

In a release, the company said it is aiming for $3.5 billion in cuts in 2017 and 2018.

“These actions will strengthen GE Power’s global competitiveness and drive increased value for customers and shareholders,” the company said.

RELATEDGE Aviation, CFM go center stage in Paris

GE said “traditional” power markets, such as gas and coal, “have softened.”

“This decision was painful but necessary for GE Power to respond to the disruption in the power market, which is driving significantly lower volumes in products and services,” Russell Stokes, president and chief executive of GE Power, said in the company’s statement. “Power will remain a work in progress in 2018. We expect market challenges to continue, but this plan will position us for 2019 and beyond.”

RELATEDGE Aviation moves into $51M Dayton aviation research site

Business trends such as fewer power outages, an increase in steam plant retirements, and growth in renewables have affected business, the company said.

GE Aviation is a huge employer in Ohio and the Dayton area. Considered Ohio’s largest manufacturing employer, GE Aviation makes commercial and military jet engines and parts and has more than 9,000 employees in Southwest Ohio, including its plant in Evendale.

RELATEDOhio firms impacted by export bank fight in Congress

The GE Aviation EPISCenter in Dayton researches electrical power in aviation uses. There are about 335 GE Aviation employees in Vandalia and about 1,600 total employees at three Dayton-area sites — including Unison Industries Dayton in Beavercreek and TDI-GE Aviation, also in Vandalia.

Worldwide, GE Aviation employs about 44,000 people at more than 80 locations.



Reader Comments ...


Next Up in Business

I tried the sensory-deprivation float at Gravity Spa in Beavercreek
I tried the sensory-deprivation float at Gravity Spa in Beavercreek

Upon entering the Gravity Spa in Beavercreek, you immediately get the sense you’re in a place of relaxation — and not just because of the comical sign in the window asking for quietness. You’ll see aquatic-inspired artwork, hear soothing instrumental music, and smell a faint scent of essential oils. The employees are either barefoot...
St. Mary’s trailer dealer opens Harrison Twp. site
St. Mary’s trailer dealer opens Harrison Twp. site

A St. Mary’s trailer and snow-plow dealer is expanding into the Dayton area. Midway Trailers Sales was born in 1999 as a small trailer sales lot and repair facility, purchased 13 years later by Roger and Deb Miller. The Millers expanded Midway’s selection and has brought the business to a new home in Harrison Township, the Dayton Area Chamber...
Brown pushes union pension recovery plan in Dayton
Brown pushes union pension recovery plan in Dayton

U.S. Sen. Sherrod Brown visited with Teamsters members and retirees Friday to push legislation he argues could save a string of ailing blue-collar pensions. Brown, D-Ohio, visited the Harrison Twp. offices of Teamsters Local 957 to discuss the shortfalls that threaten the union pensions of 60,000 Ohioans and 1.5 million workers and retirees nationwide...
Springfield nursing home investigation: Patient ODs on unlocked pills
Springfield nursing home investigation: Patient ODs on unlocked pills

Two patients allegedly gained access to unsecured narcotics and one of them overdosed at a Springfield nursing home, according to state documents obtained by the Springfield News-Sun. The Ohio Department of Health filed a statement of deficiencies for Eaglewood Care Center, 200 Villa Road in Springfield, after the alleged incident that occurred in...
Attorneys for DP&L: Utility needs $55M for ‘reasonable rate of return’
Attorneys for DP&L: Utility needs $55M for ‘reasonable rate of return’

Attorneys for Dayton Power and Light argue that the utility is already failing to achieve a “reasonable rate of return” and shouldn’t be asked to lower rates, even after the recent federal corporate tax cut. In fact, DP&L needs to increase rates by some $55 million, the attorneys said in a filing Thursday with the Public Utilities...
More Stories