Jefferey Immelt, CEO of GE
General Electric announced it's moving its 115-year-old X-ray business from Waukesha, Wisconsin to Beijing, China.The X-ray business is part of General Electric's GE Healthcare unit, and this move is just part of a broader plan by GE to invest $2 billion in China.
Dustin Grosz, President of Star Trac
Star Trac, a fitness equipment maker that has seen a revolving door of leadership change over the past year, announced plans to close its Murrieta factory at the end of May as it shifts production to China.
According to a filing with California's Employment Development Department, the factory closing will result in the loss of 55 jobs.
Mike El-Hillow, CEO of Evergreen Solar
Aided by at least $43 million in assistance from the government of Massachusetts and an innovative solar energy technology, Evergreen Solar emerged in the last three years as the third-largest maker of solar panels in the United States.
But now the company is closing its main American factory,laying off the 800 workers by the end of March and shifting production to a joint venture with a Chinese company in central China.
Keith Schmid, former CEO of Boston-Power
Boston-Power Inc., which two years ago was passed over in its bid to get $100 million in federal aid to build a lithium-ion battery factory in Auburn, Mass., has followed through on its warning that it could turn to China as a new home.
The Westborough-based company, which had raised almost $200 million in venture funds, has received $125 million in private and government funding from sources in China, and is turning its focus to China for its manufacturing, its headquarters and some of its research and development. About 35 percent of the company’s roughly 110-person staff is expected to be cut in the next week or so.
Mark Paigen, CEO of Chaco Sandals
Chaco sandals will no longer be made in the small western Colorado town of Paonia, though the company headquarters will remain there.
The company is in the process of moving the rest of its manufacturing operation to China.
When the remaining line of Chacos still being assembled in Paonia moves overseas, sometime next summer, about 50 jobs in Paonia will be eliminated, though 10 or 12 of those jobs are expected to be absorbed into other departments within the company.
None of em looks like a Chinese girl on a bicycle, do they? In fact, they're white guys just like YOU.
Put that in your next ad. Jerk.