GE Healthcare expects to make job cuts and reduce costs in response to the slow imaging market in the U.S., according to a report from Reuters Health.
The news outlet recently interviewed Mark Vachon, president and chief executive of GE, who predicts that sales of imaging equipment will be down “in the mid-single digits” in percentage points next year, compared to this year’s numbers.
"There’s no question that, given this market, we’re going to get much tighter on costs," Vachon told Reuters Health, adding that the company plans on reducing its workforce.
Vachon declined to provide specific details and offered no time frame.
The Waukesha, Wis., unit employs roughly 7,000 people around the world.
