U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Work and Employment
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-09-2011, 11:42 AM
 
Location: Houston, TX
17,032 posts, read 25,350,322 times
Reputation: 16145

Advertisements

GE reduces outsourcing, adds technology jobs | Business | Chron.com - Houston Chronicle

Good start, I hope this trend continues. Its a pain to wait for someone halfway around the world to do something.
Reply With Quote Quick reply to this message

 
Old 08-09-2011, 12:10 PM
 
Location: Minnesota
917 posts, read 746,731 times
Reputation: 1332
GE was probably facing public pressure since its CEO Jeff Immelt is on President Obama's economic advisory board while simultaneously cutting America jobs through outsourcing.
Reply With Quote Quick reply to this message
 
Old 08-09-2011, 01:10 PM
 
Location: Houston, TX
17,032 posts, read 25,350,322 times
Reputation: 16145
Good point. Immelt needs to do something to reinvigorate GE stock.
Reply With Quote Quick reply to this message
 
Old 08-09-2011, 02:31 PM
 
Location: Metro Detroit, Michigan
11,492 posts, read 12,642,087 times
Reputation: 12110
Old news, but still good news. Hasn't done much good for my GE stock though. Unfortunately, most decisions made by large corporations are based on the impact they will have on short term stock prices. I think this is one reason GE has gone the conglomerate route... They want something to generate cash quickly while their consumer product manufacturing division can slowly reshore and retool. It will take awhile for the profits to pick up from this strategy, but the other divisions should help meet investors short term goals.
Reply With Quote Quick reply to this message
 
Old 08-09-2011, 09:18 PM
 
9,211 posts, read 14,279,406 times
Reputation: 14655
Oh, think of those poor people in India, philipines, etc, out of work!
Reply With Quote Quick reply to this message
 
Old 08-10-2011, 12:06 PM
 
Location: Nassau, Long Island, NY
16,417 posts, read 27,158,431 times
Reputation: 7226
Quote:
Originally Posted by MaryleeII View Post
Oh, think of those poor people in India, philipines, etc, out of work!
I hope you're being sarcastic.

Let their governments build infrastructure to nurture businesses in their own countries instead of sucking off the teats of ours that our taxpayers paid for with our tax money.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Work and Employment
Follow City-Data.com founder on our Forum or
Similar Threads

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top