GE claims the Bloomington plant loses about $45 million each year because of declining side-by-side refrigerator sales and rising material and labor costs.
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updated: 3/25/2008 6:48:20 AM
GE to Move Ahead With Closing Bloomington Plant
General Electric Co. (NYSE: GE) has reportedly let workers at its refrigerator plant in Bloomington know the facility will close by the end of next year. The Bloomington Herald-Times reports employee-led efforts to make the plant more efficient have not convinced GE to change its plans. More than 800 people work at the Bloomington operation.
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Approximately 60% of employees would retire with GE retirement and pension benefits.
Source : The Herald-Times
