General Electric announced recently it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders.
The cuts will be a mix of voluntary departures and layoffs and come after an initial wave of 2,600 job cuts in March, GE said in a statement.
The company aims to reduce its aviation employment base by 25 percent, or some 13,000 employees.
The austerity program, which will affect all geographic zones, is reflective of the rough time the entire aviation sector is going through.
Boeing announced recently that it was cutting 16,000 jobs, about 10 percent of its workforce, in civilian aircraft manufacturing.