Skip navigation

Gloucestershire Business News

GE Aviation jobs at risk as air travel takes hit

General Electric is to cut up to a quarter of its aviation business staff as the fall in air travel during the coronavirus crisis continues to leave its mark.

Around 13,000 jobs are at risk from the aviation manufacturer's 52,000 global workforce, which is spread across 19 counties.

GE Aviation employs around 1,800 people in Bishop's Cleeve designing and manufacturing electronic and mechanical systems for commercial, business and military aircraft.

Worldwide profits fell by around 40 per cent in the first quarter of the year and with global air traffic predicted to drop by as much as 80 per cent in the second three months of 2020, GE has announced a $3billion cost-saving initiative.

GE Aviation president David Joyce told staff: "As this pandemic continues to advance, our understanding of its impact on our industry and our business has also evolved.

"Unfortunately more is required as we scale the business to the realities of our commercial market.

"While extremely difficult, I am confident this is the required response to the continued contraction of the industry and its protracted recovery."

No details have been announced of where the job cuts will be made with a company statement saying it expected plans to be "ready over the coming months".

Among GE Aviation's largest customers are Airbus and Boeing, who last week announced plans to cut 16,000 jobs worldwide.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, August 12 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, August 12

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Spirax-Sarco beats projected performance Image

Spirax-Sarco beats projected performance

Sales and profits fell less than expected for Spirax-Sarco Engineering in the first six months of the year - but it has warned of tough end to 2020.

Gloucestershire unemployed benefits more than double in last year Image

Gloucestershire unemployed benefits more than double in last year

The number of people claiming unemployment-related benefits across Gloucestershire has more than doubled in the last year.

MP questions Police and Crime Commissioner's no-bid decision Image

MP questions Police and Crime Commissioner's no-bid decision

Gloucester MP Richard Graham has repeated his call for details on why Police and Crime Commissioner Martin Surl did not bid for a share of a £25million government fund.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.