- General Electric is laying off staff at its onshore wind power unit as part of a restructuring that came in response to the underperformance of the business.
- GE’s onshore wind power business has been troubled by rising raw materials costs, weakening demand, and supply chain snags.
- The weaker demand came in response to the expiry of renewable power tax credits that made wind and solar cheaper than most alternatives.
GE Slashes Wind Power Workforce
