As General Electric struggles to turn around declining share value, it’s stripping down to focus on three core areas — power, health care equipment and aviation. Here are some of the areas it’s looking to cut:
- GE Transportation — the manufacturer of freight and passenger locomotives. The Chicago-based unit brought in $4.7 billion in 2016.
- Current — an energy subsidiary started by GE in 2015 and based in Boston, with 50 employees here and 2,300 overall. It began with $1 billion in revenue from prior GE branches.
- GE Lighting — one of the oldest branches of General Electric, dating to Thomas Edison himself. Energy revenues, including Current, topped $15 million in 2016.
- Baker Hughes — GE owns nearly two-thirds of the oil services company after a merger earlier this year, but could sell its stake.