Based on the ongoing challenges in the power industry and a significant decline in orders at this facility, we announced our intent to close our manufacturing facility in Salem, Virginia, and move the remaining work to other GE locations or to supplier partners.

General Electric

Categorized in : US News

Today's transaction is a pivotal milestone, it demonstrates that we are executing on our strategy by taking thoughtful and deliberate action to reduce leverage and strengthen our balance sheet.

General Electric

We believe we acted in good faith to meet the EC disclosure requirements and there was no intent to mislead.

General Electric

GE has been operating in Italy for about 100 years and today's operation confirms our strong commitment to invest and grow our business in the country.

General Electric

The statement of objections is a standard part of the Phase II investigation process and does not prejudge the final outcome of the procedure, we continue to work constructively with the (European) Commission, including exploring potential remedies that would address concerns and preserve the deal economics.

General Electric

mergers-acquisitions