GE cutting costs at wind turbines business

“grappling with weak demand, rising costs and supply-chain delays”

“Onshore wind is the largest of GE’s renewable businesses, which together employed 38,000 people worldwide at the end of 2021. The unit, however, has been battling higher raw material costs due to inflation and supply-chain pressures.”

“GE has made turning around its onshore business a priority as it prepares to spin off its energy businesses, including renewables, into a separate company in 2024.”