GE Appliance sale appears to be close, Louisville employees not surprised

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by Doug Proffitt

WHAS11.com

Posted on September 4, 2014 at 9:10 PM

Updated Thursday, Sep 4 at 11:40 PM

LOUISVILLE, Ky. (WHAS) – The Reuters News Agency is reporting that the sale of G.E. Appliances to Swedish appliance maker Electrolux appears to be close, with a deal to possibly be announced next week.

  

The sale would affect nearly 6,000 employees at Louisville's G.E. Appliance Park, where they make refrigerators, dishwashers, washers and dryers.  Reuters claims the deal is worth more than 2.5 billion dollars. The final terms of the sale are still being worked out.

 

The Louisville mayor's office tells WHAS 11 news they are keeping in close contact with GE's local CEO, Craig Blankenship, but do not have any details about a possible sale being announced next week. 

 

The new G.E. union chief, Eric Simms, tells WHAS 11 news that he is not surprised at the news reports.  But Simms said with GE's ongoing multimillion dollar investment in Appliance Park, he would expect it to survive a sale.

   

Appliance Park opened in 1953. GE’s foundation and its local employees have been generous to the community. Over the years, General Electric workers have given the WHAS Crusade for Children a cumulative total of $3,545,153.53.

 

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