GE Bently conducts layoffs
February 20, 2016
General Electric's Bently Nevada plant conducted layoffs on Wednesday.
The company said that its Oil & Gas division has begun restructuring its organization to reduce its costs due to challenging business conditions.
"This includes workforce adjustments, which is a decision we don't take lightly but one we must undertake for the long-term health of the business," the company said in a statement issued in response to a request by The Record-Courier. "GE reviews its operations on an ongoing basis to support its growth strategy and meet the needs of its customers."
An employee, who did not give his name, said the Minden operation did not make as much money as forecast.
The company has not reported how many people were laid off. Federal law requires a notice if 100 or more employees are involved.
General Electric purchased Bently Nevada in 2002 from Minden industrialist Don Bently, a pioneer in the field of instrumentation for measuring the mechanical condition of rotating machinery.
Recommended Stories For You
At the time of its sale, the company employed 1,800 people with locations in 40 countries. Bently founded the company in 1961.
The company is not related to Bently Enterprises operated by Bently's son, Chris, who is renovating the Minden Flour Mill and old Butter Building.