BLOOMINGTON, Ind. (AP) - The GE refrigerator plant in
Bloomington will close by the end of 2009. The plant employs about 900 people, and GE has said about 60 percent will retire with benefits.
GE announced in January that it intended to close the plant,
which builds side-by-side refrigerators. It allowed time for the
union to come up with ideas for keeping the plant open.
Employees were notified that GE had rejected the cost-cutting
proposals on Monday, the day they returned from a two-week vacation
scheduled because of low product demand.
GE said the factory had losses of about $45 million last year
and expected similar losses this year. Officials cited declining
sales of side-by-side refrigerators and rising costs of materials
(Copyright 2008 by The Associated Press. All Rights Reserved.)
What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.