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Crisis-stricken GE to unveil painful roadmap to recovery

07:19 EST 12 Nov 2017 | Yahoo News

Crisis-stricken GE to unveil painful roadmap to recoveryIconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands. "There is no sacred cow," newly installed CEO John Flannery has said repeatedly about the need to cut costs and restructure. "They have a crisis of investor confidence," he told AFP.


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