GE

• March 05, 2009
• Finance/Leasing

Greenbrier Cos.: GE Railcar cancelation would hurt

Greenbrier Cos. Inc. says it could be forced to trim expenses, and lay off more employees, if GE Railcar Services Corp. holds firm in reducing an existing delivery contract of 11,900 railcars over an eight-year period. Greenbrier said GE Railcar, a subsidiary of Fairfield, Conn.-based General Electric Co., “desires to substantially reduce, delay, or otherwise cancel railcar deliveries.”

• February 11, 2009
• Locomotives

GE Transportation cuts, furloughs workers

General Electric Co. Wednesday said it will cut 350 jobs, and furlough 1,200 employees, at GE Transportation due to the economic climate, affecting roughly 14% of the 11,400 workers in the subsidiary. About 150 salaried workers and 250 hourly workers will be let go.