Biz Buzz
By Jim Martin, Doug Oathout Erie Times-News staff bloggers
Welcome to Biz Buzz, our daily blog on all things business. Turn here for breaking news on the economy, local industry and area people engaged in the region's companies.   Read more about this blog.
 Phone: 814-870-1668
Posted: April 9th, 2013
Management cuts, temporary layoffs part of GE Transportation plan

GE Transportation, which announced plans this morning to eliminate 950 positions at its Lawrence Park plant, also expects to cut up to 100 management positions and to layoff temporarily up to 200 people for a temporary lack of work.

Lorenzo Simonelli, the company’s chief executive, said the management job cuts will likely be made based on job performance and by attrition.

Simonelli said the temporary layoffs are the result of an ongoing slowdown in the mining industry.

“The amount of coal that is being moved by locomotive is down about 15 percent,” he said. ‘
Thanks in large part to that slowdown, he said, customers aren’t clamoring to buy new locomotives.

“Our customers have about 3,000 locomotives that are parked at the moment,” he said.
Simonelli said he believes today’s announcement is in the best interest of the company and its employees. But he also acknowledged the news will be painful for many.
“These are difficult times and this is a difficult announcement,” he said.

Posted in: Uncategorized
No Responses to Management cuts, temporary layoffs part of GE Transportation plan
Leave a Reply

You must be logged in to post a comment.