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GE AIRCRAFT ENGINES REDUCES 4,000 POSITIONS TO INCREASE EFFICIENCY

 EVENDALE, Ohio, Aug. 20 /PRNewswire/ -- GE Aircraft Engines today announced it will further reduce its work force by approximately 4,000 to increase efficiency and maintain engine-market leadership.
 "GE Aircraft Engines has remained a strong, competitive, financially sound business throughout one of the most difficult periods in our industry's history," said Brian Rowe, GE Aircraft Engines president and chief executive office. "As our commercial customers respond to a challenging economy and our military customers adjust to decreased budgets, we must create added value while continuing to invest in new cost-effective technologies and product development programs that represent Aircraft Engines' future.
 "We will continue initiatives already under way which include increasing speed in our engine-development and order-to-delivery cycles, improving inventory management, maximizing quality and consolidating facilities. Those programs, combined with the reductions announced today, are critical to achieving the efficiencies required in our current marketplace.
 "Our deep regret is that we will lose some of the excellent people that we employ," Rowe continued. "We took care to hire the best, and we are committed to helping employees as they transition to retirement or a new career."
 The reductions are expected to affect primarily salaried but also some hourly positions. At least half of the reductions will occur at Aircraft Engines' headquarters in Cincinnati, with the remainder occurring at Aircraft Engines facilities worldwide. As many of the reductions as possible will take place through attrition, early retirement and voluntary job elimination. The vast majority of the downsizing is expected to be completed by year's end.
 "We are very proud of the products that our business and employees have produced over the past several years," said Rowe. "Our engines are the most reliable, fuel efficient and environmentally advanced in the industry. While maintaining world-class support of those engines, we will continue investing in CF6 and CFM56 engine technologies as well as our key development programs including the GE90, F414 and CFM56-3XS and our small engine and marine and industrial programs. Focusing on these efforts positions us as an even stronger competitor when the industry rebounds."
 This reduction, combined with those already announced, will bring GE Aircraft Engines employment to approximately 22,000 worldwide by early 1994.
 -0- 8/20/93
 /CONTACT: Paula Kollstedt of GE Aircraft Engines, 513-243-5635 or 513-243-3148/


CO: GE Aircraft Engines ST: Ohio IN: ARO SU: PER

KL -- CL006 -- 4673 08/20/93 11:02 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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