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Old 08-09-2011, 12:42 PM
 
Location: Houston, TX
17,032 posts, read 24,716,578 times
Reputation: 16138

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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.
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Old 08-09-2011, 01:10 PM
 
Location: Minnesota
852 posts, read 677,246 times
Reputation: 1160
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.
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Old 08-09-2011, 02:10 PM
 
Location: Houston, TX
17,032 posts, read 24,716,578 times
Reputation: 16138
Good point. Immelt needs to do something to reinvigorate GE stock.
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Old 08-09-2011, 03:31 PM
 
Location: Metro Detroit, Michigan
11,420 posts, read 12,106,055 times
Reputation: 11984
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.
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Old 08-09-2011, 10:18 PM
 
9,074 posts, read 13,673,591 times
Reputation: 14238
Oh, think of those poor people in India, philipines, etc, out of work!
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Old 08-10-2011, 01:06 PM
 
Location: Nassau, Long Island, NY
16,417 posts, read 26,410,192 times
Reputation: 7213
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.
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