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October 5, 2007 – Vol. 12 No.28 General Electric to Cut Incandescent Lighting Jobs Due to Switch to More Efficient Technologies. About 1400 jobs will be lost in US and Brazil. In Ohio 425 jobs will be eliminated with the closing of six conventional bulb production plants. GE has 26 lighting factories nationwide. The six Ohio plants being closed are in Austintown, Conneaut, Euclid, Niles and Willoughby. Eight others in the state, including a light emitting diode (LED) plant, will remain open. In Rio de Janeiro, Brazil all 900 conventional lighting jobs will be eliminated as incandescent lighting production is ceased. About 80 positions will be eliminated elsewhere. The job cuts account for about 5.6 percent of GE's 25,000 lighting employees worldwide and will take place over about three years. In the US, GE has about 7,000 lighting employees. Sales of conventional lighting have been slowing at a pace of about 10 percent per year, while more efficient technologies have seen strong double digit growth, according to Jim Campbell, president & CEO of GE Consumer & Industrial. “We are increasing our focus on the development and production of new, innovative lighting products like LEDs, organic LEDs, our new high efficiency incandescent light bulbs and other products that our customers will increasingly demand and require. In the last four years alone we have invested more than $200 million on energy-efficient lighting, “ said Campbell. GE Lighting, part of the consumer and industrial unit, is forecast to have about $3 billion in sales this year. Both houses of Congress are considering legislation that may phase out incandescent lights. (10/4/07)
Links: General Electric http://www.ge.com
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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