GE layoffs and production shutdowns coming

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WHAS11.com

Posted on August 15, 2009 at 6:40 PM

Updated Tuesday, Oct 13 at 3:16 PM

(WHAS11) - WHAS11 News has learned that GE in Louisville is planning more layoffs of executives and the temporary shutdown of the production of appliances.

Union employees are not being laid off at this time.

It's all in response to the economy and the huge decline in the sale of appliances worldwide.

Here's what GE's local CEO announced Wednesday:

"We do not anticipate any manufacturing layoffs. We will evaluate whether we need to discontinue production for brief periods of time until the end of the year. The exact number of salaried employees who will be laid off and the timing are under review."

Here is the statement from Louisville GE Consumer and Industrial Spokeswoman Kim Freeman:

We will be taking several steps to reduce costs so that the business structure is better aligned with the demands of the current market cycle, which has been pressured by the housing crisis, rising material inflation and the economic slowdown in the U.S. We do not anticipate any manufacturinglayoffsbut we will evaluate whether we need to discontinue production for brief periods of timefor the remainder of the year tokeep our inventory levelsin line withsales. Regrettably,salaried reductionswill be necessary throughout Consumer & Industrial. The exact number of employees who will be impacted and the timing of the reductions are under review.

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