GE to move turbine jobs to Europe, China due to EXIM bank closure

WASHINGTON (Reuters) – General Electric Co said on Tuesday that it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency’s charter to lapse in June.



Source: ReuterBusiness

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *