|FALSE: General Electric is moving its x-ray division to China.|
|TRUE: General Electric is moving its x-ray division business headquarters to China.|
Examples: [Collected via e-mail, August 2011]
So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs.
I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
If this doesn't show you the total lack of leadership of this President, I don't know what does.
Origins: In July 2011, General Electric Co. (GE) announced that it was moving its
The X-ray unit will be the company's first business to be based in China.
The business has already begun the move — which includes the unit's chief executive and three other members of its executive team — and expects to complete the process by year end, said Anne LeGrand, vice president and general manager of GE Healthcare Global
GE said it doesn't expect the move to result in any job losses in the U.S., where the unit has been based in Waukesha, Wis. The Wisconsin
"As the company grows more global, it's increasingly important for us to become close to our customers,"
As China's market has boomed for a range of products, a small but growing number of companies have moved senior executives to the country or sent them for extended stints. Intel Corp. in May said Sean Maloney, one of its best-known senior executives, would move to China from Silicon Valley to oversee the chip giant's operations here. Bayer AG unit Bayer Healthcare moved its general medicine headquarters from Germany to Beijing in March, and Starwood Hotels & Resorts Worldwide Inc. of the U.S. temporarily moved its headquarters to Shanghai for five weeks starting last month.
GE has long placed high hopes on China, with CEO Jeffrey Immelt in 2008 calling it the company's "second home market." In January, the company finalized a deal with state-owned Aviation Industry Corp. of China to inject much of GE's civilian avionics business into a
Last updated: 28 July 2012
Burkitt, Laurie. "GE Bases X-Ray Unit in China." The Wall Street Journal. 26 July 2011. Clark, Jim. "Jobs Council Outlines Steps to Improve Economy." coloradoan.com. 31 July 2011.