Schenectady

GE to reconfigure Schenectady-based wind power unit

Headquarters layer to be eliminated
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SCHENECTADY — General Electric on Wednesday announced a reorganization of parts of its Renewable Energy business including a sizeable headquarters operation in Schenectady.

The conglomerate described the move as a consolidation of its renewable and grid assets that would allow it to better focus on the increasing renewable energy market.

One of the changes touches the Capital Region: Restructuring the GE Renewables’ Onshore Wind division, which is headquartered at the large GE Power campus at the foot of Erie Boulevard in Schenectady. GE said Wednesday that the entire headquarters layer would be eliminated.

But GE also said the change would empower Onshore Wind’s four regional teams worldwide — including the North America team, based in Schenectady. 

The other major change announced Wednesday is that GE’s grid solutions and hybrid renewables technologies (including solar and storage systems) will be absorbed into the GE Renewable Energy Business.

Also Thursday: GE reports small 4th quarter profit, Jan. 31, 2019

The company is gradually remaking itself as it struggles to increase profitability and investor value. GE would not address the question of any possible job cuts in Schenectady because of the changes.

GE Power, formerly headquartered in Schenectady, was split into two parts in October and its headquarters was essentially eliminated.

GE has an aggressive effort underway to reduce costs and increase efficiency, including by trimming and streamlining its leadership structure. It said the changes to Onshore Wind would “improve competitiveness, speed, customer focus and local execution.”

GE said Wednesday there is expected to be minimal impact on the worldwide workforce of Onshore Wind due to the changes announced. It would not provide an exact headcount for Onshore Wind in Schenectady, saying only that several hundred employees work here.

In a news release, GE Chairman and CEO H. Lawrence Culp, Jr., said: “This strategic realignment positions GE to lead in the fast-growing renewable energy market. This move will help our Renewable Energy teams to better support their customers in leading the energy transition by simplifying the way they can access innovative products, integrated solutions, and services that reflect the evolution of the clean energy marketplace.”

Also Thursday: GE reports small 4th quarter profit, Jan. 31, 2019

Categories: Business, News, Schenectady County

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