This is NOTHING new for GE...GE has been doing this for YEARS..They are just following the Jack Welch motto.

"Keep the head quarters and upper management here in the US..and move ALL manufacturing and Engineering to cheaper labor countries." As long as 30 years ago....GE closed a plant in Ottowa Canada that was only making 16% profit and moved it to Mexico for a profit of 20%. And many many companies have gotten on the Jack Welch bandwagon. He's preached about it in meetings...he's written about it...As I said..this is NOTHING NEW.