GE warns of profit hit in first half from supply and labor issues -Breaking
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© Reuters. FILE PHOTO. The Hummer EV is seen in the assembly line, as President Joe Biden visits the General Motors Factory ZERO’ electric vehicle assembly plant. This was Detroit, Michigan. U.S. November 17th, 2021. REUTERS/Jonathan Ernst/File photo
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© Reuters. FILE PHOTO. The Hummer EV is seen in the assembly line, as President Joe Biden visits the General Motors Factory ZERO’ electric vehicle assembly plant. This was Detroit, Michigan. U.S. November 17th, 2021. REUTERS/Jonathan Ernst/File photo2/2
(Reuters) – General Electric Co. (NYSE:) Co. warned that the supply chain jam, along with labor crunch and inflation, would put upward pressure on profit margins through the first quarter.
In a regulatory filing, the company stated that its unit including aviation, healthcare and renewable energy are facing challenges.
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