Running For St Jude's Childrens Hospital
Fort Wayne Morning News with Charly Butcher
The Pat Miller Program
Money Talk with Chris Moore
Your Money With Mike
Mutual Fund Show
Fort Wayne Komets
Marketing and Advertising Career
Penny Pitch Application
GE Dropped Planned Investments at Bloomington Fact...
GE Dropped Planned Investments at Bloomington Factory
Created by kblakeslee on 9/20/2013 12:06:46 PM
BLOOMINGTON, Ind. (AP) _ A GE spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
The company says it had to drop the investment plan for the Bloomington factory because a drop in consumer demand for the side-by-side refrigerators made there. Company spokeswoman Kim Freeman tells The Herald-Times that GE had every intention of making the investment but couldn't ignore the change in demand.
GE's 2010 plans included making the Bloomington plant into a ``center of excellence'' for side-by-side refrigerator manufacturing and adding 200 workers.
The company said last week it would cut nearly one-third of the factory's jobs, leaving it with about 360 employees.
Copyright © 2014 WOWO 92.3 FM | 1190 AM