GE Will Cut Jobs, End Manufacturing at Virginia Plant
General Electric’s (GE’s) power unit has said it will end manufacturing operations at its plant in Salem, Virginia, next year, with more than 260 workers losing their jobs, according to union officials. Officials noted that 42% of the affected workers are eligible for retirement.
The plan announced June 8 said the Salem plant, which opened in 1955, would continue as an engineering center staffed by some 200 employees. GE is among the largest employers in the Salem region, and the plant at one time had about 3,500 workers.
The company said the Salem manufacturing work would move to other GE locations or be handled by supplier partners. GE has struggled along with other turbine manufacturers over the past year as global demand for the units has fallen. CEO John Flannery in May told a Florida electrical products conference that the company is trying to stem the tide of business losses, but said he is “being deliberate” with moves to reorganize GE even as the company’s stock price has been hammered in the past year.…