GE dropped planned investments at Bloomington factory
A GE spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
The company says it had to drop the investment plan for the Bloomington factory because a drop in consumer demand for the side-by-side refrigerators made there. Company spokeswoman Kim Freeman tells The Herald-Times that GE had every intention of making the investment but couldn't ignore the change in demand.
GE's 2010 plans included making the Bloomington plant into a "center of excellence" for side-by-side refrigerator manufacturing and adding 200 workers.
The company said last week it would cut nearly one-third of the factory's jobs, leaving it with about 360 employees.
Information from: The Herald Times
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)