GE’s (NYSE: GE) chief Jeff Immelt is the head of the President’s CEO advisory council. On of its jobs is to find ways to increase job opportunities in America. Immelt has been criticized because GE has not added jobs in the US since he took over a decade ago. The CEO says his company will now become a leader in the hiring of veterans, and build of US-based plants
At a four-day GE sponsored meeting in Washington, the company’s PR people said experts attending ‘will share ideas on “what works in America,” with discussions centered on manufacturing, innovation, jobs and trade’
In addition:
GE said that it would hire 5,000 new veterans over the next five years and help integrate many more in the workforce as a sponsor of the “Hire our Heroes” partnership with the U.S. Chamber of Commerce. The company will also launch skill-building centers called “GE Garages,” double the number of engineering internships to 5,000, and introduce new tools to help GE businesses better understand their customers and become more competitive
And GE
said that it would invest $580M in Aviation manufacturing and research & development in the U.S. The investments will support growing production rates and product offerings
Immelt has put his money where his mouth is.
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