A General Electric GE9X engine is pictured on a Boeing 777X airplane as it taxis for the first flight, which had to be rescheduled due to weather, at Paine Field in Everett, Washington on January 24, 2020.
Jason Redmond | AFP | Getty Images
General Electric‘s aviation unit, which makes some of the world’s most commonly used aircraft engines, said Monday it is cutting 10% of its U.S. workers as coronavirus hurts demand.
Aviation has been hit especially hard by the virus, which has decimated air travel demand and prompted airlines including Delta, United and others around the world to park hundreds of planes and defer deliveries of new aircraft in an attempt to save cash.
GE’s CEO Larry Culp said he would forgo his salary for the rest of the year, following similar moves by airline executives at airlines and at one of the industrial conglomerate’s big customers: Boeing.
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