[HDRider]

GE Appliance employs about 12,000 workers, half of which are located at GE's historic, 900-acre Appliance Park in Kentucky. Other major factories are in LaFayette, Georgia and Bloomington, Indiana. But notably, some of those factories are state of the art:

After failing to sell in 2008, GE invested over $1 billion into its appliance business, replacing aging equipment and training employees in new technology. Most of Electrolux's research and development is done in Europe, while GE's is mostly done on site at Appliance Park.

The acquisition of GE's appliance business by Swedish-based Electrolux AB represents the end of an era for the storied, all-American brand. It also leaves workers on both sides wondering what will happen to their jobs.

http://www.usatoday.com/story/money...sale-of-ge-appliances-mean-for-jobs/15272205/

 

[mmoetc]

http://www.courier-journal.com/stor...ppliance-business-bloomberg-reports/12739953/

Not as much impact as the last 35 years of American ownership.

 

[MoonRiver]

Has GE been very successful at anything other than government contracting over the last 20 years?

I would think it is probably a wash for the employees. Many were going to lose their jobs anyway.

 

[Ozarks Tom]

GE has been moving everything they could to China and India for years. They've got billions stashed overseas, rightfully so, to avoid US taxes. It would have hurt their bottom line to close the few US factories due to their already heavy asset investment, plus the notoriety would have killed their brand forever in the US.

 

[plowjockey]

Electrolux has several other U.S. facilities, so maybe not much.

Electrolux just opened its own brand-new oven factory in Memphis, Tennessee and operates other facilities in Anderson, South Carolina and St. Cloud, Minnesota.

 

[JeffreyD]

I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions! They also gave a pay increase of 27% to a few top executives. Jeffrey Immelt and Obama are best buddies, which explains why the government has no interest in them! Why are the liberals not screeching at the top of their collective lungs about how unfair this all is? I mean they bash Walmart everyday, why not GE? Is it because of this Obama connection?

 

[arabian knight]

I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions!

That is 100% Untrue~!
Sure was hyped up till the TRUTH got out which was hardly reported on at all, so many STILL think they paid nothing.
When those so called reports came out they had not yet FILED their 2010 taxes. LOL

Did GE get a $3.2 billion tax refund? No.

Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.

http://www.propublica.org/article/setting-the-record-straight-on-ges-taxes

 

[plowjockey]

I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions! They also gave a pay increase of 27% to a few top executives. Jeffrey Immelt and Obama are best buddies, which explains why the government has no interest in them! Why are the liberals not screeching at the top of their collective lungs about how unfair this all is? I mean they bash Walmart everyday, why not GE? Is it because of this Obama connection?

Other than any possible anti-trust issues, why should the Government care less, about GE selling out to Elextrolux?

IS GE's tax structure that much different than any other large Corporation, some who have merged with foreign companies? Just curious.

What unfair about it, that Liberals should complain?

Conservatives don't bash Walmart? LOL

 

[JeffreyD]

That is 100% Untrue~!
Sure was hyped up till the TRUTH got out which was hardly reported on at all, so many STILL think they paid nothing.
When those so called reports came out they had not yet FILED their 2010 taxes. LOL



http://www.propublica.org/article/setting-the-record-straight-on-ges-taxes

I got my info from wiki, it's still there and the numbers haven't changed! I'll look into it further.

 

[JeffreyD]

Other than any possible anti-trust issues, why should the Government care less, about GE selling out to Elextrolux?

IS GE's tax structure that much different than any other large Corporation, some who have merged with foreign companies? Just curious.

What unfair about it, that Liberals should complain?

Conservatives don't bash Walmart? LOL

Immelt and Obama are buddies! Other companies constantly come under fire from this administration, especially if their owned by conservatives. Not so with ge.