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general electric

General Electric to shed 12,000 jobs as electric future opens up

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General Electric’s recent decision to reduce its employee numbers by 12,000 globally indicate how important it thinks the trend of electric power will become, or perhaps has already become. 

The significant job losses will come from the GE Power division. GE says the decision is part of its overall restructuring.

The company acknowledges that the growth in renewables is part of the reason for the cost-cutting measures.  [Read more…] about General Electric to shed 12,000 jobs as electric future opens up

Apple and General Electric to bring Predix industrial apps to iPhone and iPad

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General Electric has reached a partnership agreement with Apple to develop industrial apps for iOS devices – iPhone and iPad, according to a report on 9to5Mac.com. 

The website says Apple has been “looking to the enterprise sector as a key market for growing iPad sales which have slipped in recent years”.

Apple and GE said they will deliver “powerful industrial apps designed to bring predictive data and analytics from Predix, GE’s industrial internet of things platform, to iPhone and iPad”.  [Read more…] about Apple and General Electric to bring Predix industrial apps to iPhone and iPad

General Electric deepening its interest in the software business

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General Electric claims it was the first company to have launched an industrial internet of things platform when it released Predix last year.

The company’s software business unit, GE Digital, has been generating revenues of more than $4 billion a year, and looks like it’s strongly influencing the future direction of the overall business.

Another of the big ideas at GE is the “Brilliant Factory” concept, which is essentially the digitalisation of anything and everything that can be digitised in a manufacturing or industrial process.  [Read more…] about General Electric deepening its interest in the software business

General Electric wins $230 million order for Boeing Dreamliner engines from Uzbekistan Airways

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Uzbekistan Airways has selected General Electric’s GEnx-1B engines to power four new Boeing 787-8 aircraft, also known as Dreamliners.

The engine order is valued at more than $230 million, including a custom-ordered spare engine. Deliveries are scheduled to begin in 2018.

GE Aviation awarded Uzbekistan Airways its TRUEngine designation for the entire GEnx fleet.  [Read more…] about General Electric wins $230 million order for Boeing Dreamliner engines from Uzbekistan Airways

General Electric resumes talks to sell its industrial solutions business to ABB

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General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com. 

The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining.

Swiss company ABB had previously talked to GE about possibly purchasing the business, and the price it offered was said to be $2 billion.  [Read more…] about General Electric resumes talks to sell its industrial solutions business to ABB