The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades. Wind Power, Layoffs and Job Reductions, Alternative and Renewable Energy, Wind, GE Vernova Group The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades. NYT > Business