This isn't specifically related to the locomotive division but I thought some of you might find it an interesting read.
From Yahoo! Finance:
From Yahoo! Finance:
Yahoo! Finance wrote:General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city's technology talent and likely lowering its tax bill as the industrial conglomerate seeks to lift profit and emphasize digital capabilities.Read the rest of the article at: http://finance.yahoo.com/news/general-e ... 28961.html" onclick="window.open(this.href);return false;
The maker of aircraft engines, locomotives, power turbines and household appliances will move to temporary quarters by next summer, and permanently settle about 800 workers in the Seaport district by 2018, GE said.
. . .
GE said the move would have no material financial impact, with costs offset by state and city incentives and the sale of its current headquarters offices in Fairfield, Connecticut, and its offices at 30 Rockefeller Plaza in New York City.
. . .
But talent also was a draw. GE said on Wednesday it had been thinking about a new location for more than three years and considered 40 potential sites this year. Those included Atlanta; Austin, Texas, and Nashville, Tennessee, according to people familiar with the matter.
. . .
The 124-year-old company is undergoing a major restructuring to emphasize digital and industrial capabilities. Earlier on Wednesday, GE said it would cut up to 6,500 jobs in Europe over the next two years, including 765 in France and 1,300 in Switzerland, as it restructures and integrates its acquisition of Alstom's energy business.
With 800 employees, the Boston headquarters will be the same size as Fairfield, but its makeup will change, GE said. The new office will employ about 200 administrators and 600 "digital industrial product managers, designs and developers," GE said.
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives