The man Obama chose to help create new jobs in America is Jeff Immelt, CEO of General Electric. GE was recently in the public spotlight for not paying a cent of taxes, and now in an even more ironic twist, he’s sending American jobs to China.
In a recent announcement, GE said it is moving the company’s headquarters in charge of X-Ray technology to China. In an effort to increase sales to the giant Asian nation, and cut costs in the process, the largest manufacturer of imaging machines in the world is closing its US headquarters after 115 years. Until now, GE’s X-ray business was headquartered in Waukesha, Wisconsin.
“A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general manager of X-ray for GE Healthcare, said in an interview. The headquarters will move from Waukesha, Wisconsin, amid a broader parent-company plan to invest about $2 billion across China, including opening six “customer innovation” and development centers.