The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
Category: Layoffs and Job Reductions
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Boeing to Begin Temporary Layoffs Because of Strike
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
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Greener Steel at Britain’s Largest Plant Comes With Heavy Job Losses
The British government and Tata of India said they would invest 1.25 billion pounds in a plan to convert the steel mill at Port Talbot in Wales to an electric furnace.
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Battery Maker Northvolt to Cut Costs as E.V. Demand Slumps in Europe
The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grapples with competition from China.
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What to know about the latest report.
Ahead of a key Federal Reserve meeting to set interest rates, employers added 142,000 jobs in August and the unemployment rate was 4.2 percent.
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Why This Jobs Report Could Be the Most Pivotal One in Years
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.
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Why It’s So Hard for China to Fix Its Ailing Economy
A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.
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Will Automation Replace Jobs? Port Workers May Strike Over It.
A contract covering longshore workers on the East and Gulf Coasts will expire at the end of September, but talks have been stalled over the use of equipment that can function without human operators.
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Americans Growing Worried About Losing Their Jobs, Labor Survey Shows
The New York Fed’s labor market survey showed cracks just as Jerome H. Powell, the Fed chair, prepares for a closely watched Friday speech.