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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	7/23/2002 1:57:12 PM
From: Frank Pembleton	Read Replies (2) of 36161

GE Power Systems to Cut About 2,500 Jobs ATLANTA (Reuters) - GE Power Systems, a key contributor to General Electric Co.'s (NYSE:GE - News) profits over the past several quarters, on Tuesday said it will eliminate about 2,500 jobs, or nearly 7 percent of the unit's work force, over the next nine months as gas turbine shipments are expected to fall sharply. biz.yahoo.com

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