Monday, August 01, 2011

GE moving Waukesha operations to Beijing.

In the Told Ya So, department:

Hey, all of you genius executives and CEOs who, 15 years ago, sat around at Washington County Economic Development committee meetings and said we'd be able to bring manufacturing back to a rust belt state because China would never develop a labor force capable of competing with "real technology"?

Right, please forgive me if I'm uncomfortable trusting our economic future to people who couldn't see the implications of China right in front of their noses.

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

General Electric Co. (GE)’s health-care unit, the world’s biggest maker of medical-imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing to tap growth in China.

“A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general manager of X-ray for GE Healthcare, said in an interview. The headquarters will move from Waukesha, Wisconsin, amid a broader parent-company plan to invest about $2 billion across China, including opening six “customer innovation” and development centers.

The move follows the introduction earlier this year of GE Healthcare’s “Spring Wind” initiative to develop and distribute medical products and services in China, GE said in a statement today. More than 20 percent of the X-ray unit’s new products will be developed in China, LeGrand said.

1 comment:

Kevin Scheunemann said...

Maybe we should stop giving GE massive liberal "green" government handouts/pork and stop the Obama corporate welfare gravy train to GE!!!

Obama has been slopping government pork to this company faster than I can count.

Will you join me in denouncing the Obama corporate welfare to GE?