More News

Officials: GE Hitachi Facing Layoffs

By Vince Winkel, posted Feb 17, 2017
Without announcing actual numbers, GE Hitachi Nuclear Energy revealed this week that it is adjusting its workforce at its facility in Castle Hayne.
“As the nuclear energy industry landscape continues to change it has become necessary to make adjustments to better align with the demands of the current market and our customers’ needs,” GE Hitachi spokesperson Jonathan Allen said in an email Friday.
“Employees who are affected will be provided a comprehensive benefits package including educational benefits and assistance with outplacement services. They may also apply for other openings throughout GE,” the email stated.
Allen said Friday there was no correlation between today’s announcement, and a report last week that some projects at GE Hitachi were being restructured.
The Business Journal reported on Feb. 8 that the Global Laser Enrichment (GLE) business based at GEH, launched in 2006 to develop uranium enrichment services capability, might be changing ownership, according to company officials.
In a statement to the media on Feb. 3, Silex, which developed the technology,  stated that “with a number of strategic investors currently in advanced stages of due diligence activities, Silex and GEH continue to work on the formal agreement documentation that would potentially result in the sale of GEH’s 76% stake in GLE to Silex and other new investors. Should the GLE restructure continue constructively and more time is needed, Silex will seek a further extension of the term sheet arrangements with GEH through the second quarter of 2017.”
Silex and GEH recently extended the term sheet for the GLE restructure to March 31 to allow the parties additional time to work towards a mutually acceptable restructure of GLE.
That is apparently not related to this week’s announcement.
“In taking these actions to be better positioned for the future we remain firmly committed to our business, the nuclear energy industry and the local community,” Allen’s statement concluded.
GE Hitachi Nuclear Energy provides reactors and nuclear services to the nuclear power industry.
According to the N.C. Commerce Department’s Labor and Economic Analysis Division, GE-Hitachi employs between 500 and 999 people. The company does not release exact staffing figures.
Ico insights


Webilm julieformal kellystarbuckcom mg 5471

3 Ways Nonstop Air Service Grows Business

Julie Wilsey - Wilmington International Airport
Headshot 131850046

The Compromise: Location, Location, Location

Kirk Pugh - KBT Realty
Susan 2 april242017

Realism, Preparation and Teamwork: Olympic Lessons for Investors

Susan Willett - Old North State Trust, LLC

Trending News

A First Look At Independence Mall's Upcoming Transformation

Cece Nunn - Mar 19, 2018

Three People Named Fulbright Recipients For The 2017-18 Academic Year

Christina Haley O'Neal - Mar 20, 2018

Tayloe/Gray Expands Services With Packaging Expert

Christina Haley O'Neal - Mar 20, 2018

GE Aviation Invested $36M In Wilmington Last Year

Christina Haley O'Neal - Mar 20, 2018

The Grove At Live Oak Bank Wins Wood Design Award

Christina Haley O'Neal - Mar 20, 2018

In The Current Issue

MADE Winners - Supporter Category

Eclipse Artisan Boutique is the MADE Winner in the Supporter Category....

2018 MADE Honors Region’s Makers  

In the third year of our MADE Awards competition, the winners covered a wide range of products being conceived and produced in the local mar...

Local Craft Brewery Events Draw Visitors

It’s no secret now that craft beer is big business. And as the number of local breweries continues to grow, they’re impacting the area econo...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes