February 25, 2009

GE cuts salaried jobs in Kentucky

U.S. corporate giant General Electric said it would lay off an unspecified number of salaried workers at its Consumer & Industrial Division in Louisville, Ky.

There will be an ongoing process to reduce costs throughout 2009 by consolidating jobs, not replacing retirees and some layoffs, GE spokeswoman Kim Freeman said.

The reductions were being made to adjust to a decline in sales and market weakness, The Louisville, Ky, Courier-Journal reported Wednesday.

Those laid off will be given assistance finding new jobs and a year of medical insurance. They will also be awarded reimbursement for tuition for education courses completed within two years of their dismissal, Freeman said.