GE Considering Sale of Rail Unit as Part of Flannery’s Planned Cuts



The Wall Street Journal reported that GE may try to sell its railroad business as new CEO John Flannery continues his plans to cut $20 billion worth of assets following what he described as “horrible” Q3/17 results.

The Journal noted that a slump in the rail industry may be impacting the decision, with revenue falling by 8% on a year-over-year basis for the division.

Staff levels have also been dropping for GE’s rail unit, with 2,000 people losing their jobs in 2016, the Journal said, adding that GE Transport (~10,000) currently tops only GE Capital (~6,000) in number of employees among GE’s business divisions.


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