Thread regarding GE Oil & Gas layoffs

further headcount reductions O&G Q2/Q3 '17 ?

21st April..

Jeff Immelt, chairman and CEO of GE, said the company's deal with Baker Hughes remains on track.

"We expect the deal to close in mid-2017,"

"We are executing a $2 billion cost out program over 2017 and 2018 to deliver more value to our customers, shareowners, and employees," he said in a statement Friday.

Q1 '17 revenue - Oil and Gas fell 9% to $3Bil

so..ears to the ground.. heads rolling soon

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