GE axing jobs at onshore wind unit - report

General Electric Co (NYSE:GE) is axing jobs at its onshore wind turbine making unit in the hope of inducing a turnaround after dealing with losses, weak demand and high costs, Reuters reported citing four sources in the know.

The lay-off will affect workers in North America, Latin America, the Middle East and Africa, but there are also plans to cut jobs in Europe and Asia Pacific at a later date, sources told the news agency.

The company is expected to let go 20% of the onshore wind unit’s staff in the United States, which would add up to hundreds of workers, according to the report.

The news comes a week after wind turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE) announced it would cut 2,900 jobs across the company, starting with European hubs, to overcome mounting losses.

All three wind turbine majors outside of China -- Siemens Gamesa, GE and Vestas Wind Systems A/S (CPH:VWS) -- have been struggling this year to make a profit as they grappled with cost inflation and supply chain disorder.

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