October 4, 2001
EVENDALE, Ohio (AP) -- General Electric Aircraft Engines said Wednesday it will cut up to 4,000 jobs, or 13 percent of its work force, by early next year because the demand for engines dropped after the Sept. 11 terrorist attacks.
The company will cut up to 800 jobs from its Cincinnati offices and about 250 jobs at Lynn, Mass. General Electric Aircraft Engines did not immediately say where the other jobs would be cut.
Since the attacks, the nation's major airlines announced plans to about 93,000 jobs and reduced their flight schedules by about 20 percent.
General Electric Aircraft said drops in spare part sales and in requests for maintenance and overhaul services also were a factor in the decision to cut the work force.
The company, based in this Cincinnati suburb, produces and services large and small jet engines for airlines, charter and leasing companies and military aircraft. It has 30,000 employees worldwide.
