Israel / GE planning wide-scale layoffs

Corporation to fire about half of 500 employees in healthcare division’s R&D centers in Israel, company worker tells Ynet. Management sources say only 10% of workforce to be dismissed

According to a company source, more than half of the division’s 500 employees in all research and development centers in Israel will be fired.

The company neither confirmed nor denied the figures officially, but management sources said that only 10% would be dismissed.

“The company confirms that it is looking into different ways to simplify the organizational structure and cut costs as part of a review which includes removing organizational levels and preventing redundancies,” GE spokesperson said.

Choosen excerpts by Job Market Monitor from

via GE planning wide-scale layoffs in Israel – Israel Business, Ynetnews.