Forget outsourcing, Immelt is moving much of GE to China and taking the technology with him. That would be the same Immelt who is Obama’s jobs advisor.
When Democrats claim they are opposed to outsourcing, just know that it is a ruse. Obama’s jobs advisor, Jeffrey Immelt of GE, has made that clear. Keep in mind that the price of doing business in China is the companies moving there are required to share all their technology, no matter how secret and how critical to our nation.
General Electric is moving their health-care unit, the world’s biggest maker of medical-imaging machines, out of Wisconsin to . “China
…its 115-year-old X-ray business to Beijing to China,” [ according to GE’s statement in July]
“A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general manager of X-ray for GE Healthcare, said in an interview. The headquarters will move from Waukesha, Wisconsin, amid a broader parent-company plan to invest about $2 billion across China, including opening six “customer innovation” and development centers.
The move follows the introduction earlier this year of GE Healthcare’s “Spring Wind” initiative to develop and distribute medical products and services in China, GE said in a statement today (July 25, 2011). More than 20 percent of the X-ray unit’s new products will be developed in China… Read more: Bloomberg
Let’s not forget the flight of GE’s Jet Technology. –
…G.E., in the partnership with a state-owned Chinese company, will be sharing its most sophisticated airplane electronics, including some of the same technology used in Boeing’s new state-of-the-art 787 Dreamliner.
For G.E., the pact is a chance to build upon an already well-established business in China, where the company has booming sales of jet engines, mainly to Chinese airlines that are now buying Boeing and Airbus planes. But doing business in China often requires Western multinationals like G.E. to share technology and trade secrets that might eventually enable Chinese companies to beat them at their own game — by making the same products cheaper, if not better… Read here: NY Times