GE Moving to China

[Wayne M]

General Electric is planning to move its 115-year-old X-ray division from Waukesha , Wis. , to Beijing . In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year. but paid no taxes-the same company that employs more people overseas than it does in the united States .

So let me get this straight. GE Chairman Jeff Immelt is to be the Government's Job Czar. Immelt is supposed to help create jobs. I guess they forgot to tell him in which country he was supposed to be creating those jobs.

GE Moves 115-Year-Old X-Ray Unit's Base to China to Tap Growth - BusinessWeek


snopes.com: General Electric China Move

[Stevegd007]

Ya I heard this also. Very sad. Too bad the major news outlets never mention this story or followup with hard questions.

[RovinOn]

Quote:

So let me get this straight. GE Chairman Jeff Immelt is to be the Government's Job Czar. Immelt is supposed to help create jobs. I guess they forgot to tell him in which country he was supposed to be creating those jobs

Why don't he just pack up and move there since he seems to love China more than the USA.
This guy should have nothing to do with the U.S. !
The needs of the Greedy always prevail!

[wardy]

Jack was a hard CEO to replace but Immelt has been awful. Who's winning beside China, it's not even the shareholders under his tenure.

On the other side corporations are under attack by Hollywood, the silly Occupy Wall Street etc, then add in our government going after Boeing trying to dictate where they can build/operate in this country. Yet Boeing is free to build that same factory outside this country.

[Mekanic]

I have trouble trusting manufactured products from a country that has proven they can't make drywall properly.

[wardy]

Quote:

Originally Posted by Mekanic I have trouble trusting manufactured products from a country that has proven they can't make drywall properly.

Or poisons their own babies with melamine just to make the protein content of formula appear higher.

[IC2]

I'm sure that move wont make my crappy pension any better either(but at least I do have a small stipend for my 40 years with them).

I stopped buying GE even before I retired

[bsirby]

Quote:

Originally Posted by IC2 I'm sure that move wont make my crappy pension any better either(but at least I do have a small stipend for my 40 years with them). I stopped buying GE even before I retired

I was fortunate enough to be severed when the company I worked for was bought by GE. GE promptly severed all of us, and outsourced the work elsewhere. It was interesting that even tho they researched our company, they spent several million trying to figure out how to run it without the proper staff. I am not a big GE fan.

[LadyFitz...]

Another reason for me to call them Gouging Electric.

[w6pea]

I need to buy a couple of light bulbs.....and thanks to the waco environmentalists I have to buy these garbage ECOSMART bulbs and I have yet to find any not made in Communist China.



If We Can't Haul It....You Don't Need It ! Motor-T

[greggholmes]

Quote:

Originally Posted by wardy Jack was a hard CEO to replace but Immelt has been awful. Who's winning beside China, it's not even the shareholders under his tenure. On the other side corporations are under attack by Hollywood, the silly Occupy Wall Street etc, then add in our government going after Boeing trying to dictate where they can build/operate in this country. Yet Boeing is free to build that same factory outside this country.

So if a company breaks Federal Law, we should just pat them on the back and say "don't do that again.?

If they would have kept there mouth shut as to why they where building there no one would have been able to say a thing.

The UNION members bailed out boeing on the 787 debacle. BTW there are about 45 787s on the ground and parts are still coming in messed up and not finished. Work union workers have to fix.

Also, all these people boeing has been throwing at the 787 to try to get fixed, there jobs are TEMPORARY. The lay offs are coming.

[tncruiser]

alto i agree with all the disagreement here any i would would be banned and i would receive as spanking from the mods
so please keep it up i will just enjoy
brianj

[wardy]

greggholmes: Sorry I hit a note with you but I wasn't referring to the union fight (you can call it something different if you like) with Boeing. But rather that Boeing could have moved the plant with ease and that's what GE is doing. So let's see, build a plant in the US and get what Boeing is getting or move overseas like GE and just get folks like us blabbing...

[Dave78Chief]

Food for thought
When all the manufacturing companies move their stuff to China so that they can use penny labor to build the stuff for resale at the higher labor price, then how are those left without a job and greatly reduced resources supposed to purchase the items that are now being produced for penny labor.

Oh, I forgot, retrain so you can perform a desk job that only produces digital paper. At what point do we run out of digital paper jobs and such that penny labor products can only be sold at penny labor prices?