GE to invest $432 million, create 500 jobs in establishing U.S. Centers of Excellence for design and manufacture of refrigeration products
GE has announced that it plans to invest $432 million to establish four U.S.-based refrigeration design and manufacturing centers of excellence and create 500 new "green" jobs by 2014, bringing the company's total U.S. investment announced since 2009 to more than $1 billion and jobs created to 1,300.
"GE is committed to investing in this business and redefining what's possible in home appliances," said Charlene Begley, president and CEO, GE Home & Business Solutions, of which GE Appliances is a part. "With Lean manufacturing and advanced design, we believe that American workers can compete with any in the world. In addition, our employees and union leaders have agreed to innovative wage agreements that further increase the competitiveness of these plants."
The new centers of excellence for refrigeration products will be located in Louisville, Ky.; Bloomington, Ind.; Decatur, Ala.; and Selmer, Tenn.
More information can be found here.