GE Vernova plans to downsize offshore wind business-February 2024-www.financetom.com

GE Vernova plans to downsize offshore wind business

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GE Vernova plans to downsize offshore wind business

Sep 22, 2024 8:07 AM

Sept 19 (Reuters) - GE Vernova ( GEV ) said on Thursday

it planned to downsize its offshore wind business, a move that

could cut 900 jobs around the world.

"The proposal reflects industry wide challenges for wind and

aims to transform our Offshore Wind business into a smaller,

leaner and more profitable business within GE Vernova ( GEV )," a

company spokesperson said in an emailed statement.

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