The eRumor suggests that General Electric is
moving jobs out of the U.S. to China. The company denies that, however,
and said that they are expanding to a new presence in China to respond
to increased opportunities in the region.
General Electric announced that it is moving
its X-Ray Division to Beijing, China to "to accelerate sales in the
country's fast-growing health-care market." This, according to a
July 26, 2011 article in the Wall Street Journal is "the latest sign
of China's growing importance to the giant U.S. conglomerate."
July 25, 2011 Reuters reported that a GE spokesperson said that the move will
not result in any job cuts at home. The news agency said, "Anne LeGrand,
vice president and general manager at GE Healthcare Global X-Ray, is
relocating to Beijing from Waukesha, Wisconsin, along with several
executives, including the chief financial officer and chief marketing
officer." Currently, the Wisconsin based X-Ray division oversees
820 employees world wide and has 150 employees in the Badger State.
General Electric has
operations world wide and this move marks the company's first facility
in China. According to an
March 25, 2011 ABC News report, the company did report $14.2 billion
in profits in 2010 but paid no taxes because most of of the revenues
were generated offshore and the company's financial division, GE
Capital, reported major losses in the Wall Street Meltdown.
The X-Ray Division is not 115 years old, as the eRumor alleged, this
facility was built
GE & Jobs
SNOPES says right on the mark. What a disgrace! We need to dump NAFTA/CAFTA
and put tariffs on, now FREE, imports. The thousands of runaway mfgrs in
China would be screaming to get back into the U.S. market. Our
manufacturers would once again be playing on a level field. This will
add to our unemployment problem so it's time to boycott GE and all of
their Companies including NBC, MSNBC, and CNBC.
General Electric is moving 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 zero taxes - the same company that employs more people
overseas than it does in the United States.
So let me get this straight. President Obama appointed GE Chairman Jeff
Immelt to head his commission on job creation (job czar). Immelt is
supposed to help create jobs. Did the President forgot to tell him in
which country he was supposed to be creating those jobs or did he tell
him to put them there?