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LG Display Co., Ltd. Message Board

  • willibe45 willibe45 Oct 6, 2007 2:10 PM Flag

    GE failure results in plant closings

    HARTFORD, Oct. 4 (AP) � General Electric said Thursday that it would close a number of lighting plants in Brazil and the United States as part of a plan to overhaul one unit, potentially cutting more than 1,400 jobs.

    The division, GE Consumer and Industrial, said it would close all of its lighting operations in Rio de Janeiro, affecting about 900 jobs.

    The company also plans to close some lighting factories in the United States, which will affect about 425 jobs, although �a portion� of them will shift to other G.E. sites.

    G.E., based in Fairfield, Conn., said it was closing the plants in part because of a changing lighting market, in which demand for the incandescent bulb has declined over the last five years because of new technology and efficiency standards.

15.48-0.19(-1.21%)Dec 26 4:06 PMEST

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