Reuters) - General Electric Co (GE.N) said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation.
The company, which also makes aircraft engines, said the exit from the business could include divestitures, site closings and job cuts. (invent.ge/33HCxdQ)
Reporting by Ankit Ajmera in Bengaluru; Editing by Vinay Dwivedi
Doesnt matter what country you work in, what union you pay dues to, when they are out of business, there are no more jobs. The goal of switching to renewables will prove to be the death nail to not just GE but others as well!