GE Capital cutting jobs to save $2 billion this year
General Electric has revealed that its GE Capital unit is in the process of cutting jobs to save around USD 2 billion a year.
The company however did not reveal the magnitude of this job cut.
Market rumors claim that the company is cutting as many [...]

GE Capital to reorganize to cut costs

US based GE has announced that they would launch a reorganizing process at their GE Capital division.
The aim is to cut costs and save $2 billion next year.
GE said that the newly structured company would be ready by the start of next year.
The economic slowdown is hurting everyone apparently [...]