GE's aviation unit to cut 10% of U.S. workforce - CEO
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(Reuters) - General Electric Co's aviation unit will cut its U.S. workforce by about 10%, Chief Executive Officer Larry Culp said in a letter to staff on Monday, as a shattered airline industry sought state support to survive the coronavirus crisis.GE's aviation unit, which makes engines for Boeing Co and Airbus SE aircraft, employed about 52,000 people globally as of 2019, with about half of them working in the United States.Shares of the company fell as much as 3.9% to $6.25 in morning..