General Electric aviation plans to cut 25% of workforce amid virus outbreak

General Electric’s (GE.N) aviation unit revealed plans on Monday to slash its workforce by 25% or roughly 13,000 jobs this 2020. It includes voluntary and forced layoffs due to delayed reduction plans for aircraft amid the virus outbreak.

“The cuts will be a mix of voluntary departures and layoffs and come after an initial wave of 2,600 job cuts in March,” GE said in a statement.

The manufacturing giant Boeing Co (BA.N) announced last week that it would cut 16,000 jobs, about 10% of its workforce, as it has delayed aircraft manufacturing. General Electric’s aviation unit makes engines for Boeing Co.

The GE’s supplier SpiritAero (SPR) announced on Friday that it would cut another 1,450 jobs in its headquarters in Wichita, Kansas.

GE shares fell at 4% at $6.23 in U.S. midday trading after the announcement of 13,000 job cuts.

While the aviation industry has suffered due to the pandemic, the company has said its business remains strong.