Wednesday, 27 July 2011

In Passing

Run for the border!

Buddies may be Buddies, but Business is Business  Dept
Bloomberg:
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.

"A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare.
However, the facility’s "65 new engineers and support staff” will be Chinese, as will the "large number” of engineers already hired and in training.

GE CEO (and chairman of the president’s Council on Jobs and Competitiveness) Jeff Immelt was unavailable for comment.

Related:

HT:  razorbacker, who wonders whether GE will have to pay taxes in China.

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