Pos­si­ble ca­su­al­ties at GE

Boston Herald - - NEWS -

As Gen­eral Elec­tric strug­gles to turn around de­clin­ing share value, it’s strip­ping down to fo­cus on three core ar­eas — power, health care equip­ment and avi­a­tion. Here are some of the ar­eas it’s look­ing to cut: GE TRANS­PORTA­TION — the man­u­fac­turer of freight and pas­sen­ger lo­co­mo­tives. The Chicagob­ased unit brought in $4.7 bil­lion in 2016.

CUR­RENT — an en­ergy sub­sidiary started by GE in 2015 and based in Bos­ton, with 50 em­ploy­ees here and 2,300 over­all. It be­gan with

$1 bil­lion in rev­enue from prior GE branches.

GE LIGHT­ING — one of the old­est branches of Gen­eral Elec­tric, dat­ing to Thomas Edi­son him­self. En­ergy rev­enues, in­clud­ing Cur­rent, topped $15 mil­lion in 2016.

BAKER HUGHES — GE owns nearly two-thirds of the oil ser­vices com­pany af­ter a merger ear­lier this year, but could sell its stake.

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