GE to cut jobs in imaging unit due to falling sales

Mark Vachon, president and CEO of GE Healthcare Global Diagnostic Imaging business, has announced that its diagnostic unit will reduce costs and cut jobs. Vachon said he expects sales of big-ticket imaging equipment to be down "in the mid-single digits" percentage points in the United States in 2009, compared to last year. While he declined to provide the reduction size or a time frame, Vachon said that there is "no question that, given this market, we're going to get much tighter on costs."