GE dropped planned investments at Bloomington factory - 13 WTHR Indianapolis

GE dropped planned investments at Bloomington factory

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BLOOMINGTON, IN -

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

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