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.