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American-made GE light bulbs are going extinct. Union workers say they ‘hold GE responsible’

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04.08.2022

Once the essential titan of American industry, General Electric turned heads in November when it revealed plans to break itself into three smaller companies. GE’s shares have badly underperformed in the market for years, high levels of debt still plague the company, and CEO Larry Culp has reassured Wall Street that this historic split, expected to happen in early 2023, will “drive long-term growth and value for customers, investors, and employees.”

But some observers reading between the lines worry what—or who—the casualties of this breakup will be. GE has been divesting a lot of subsidiaries (most recently, divisions focused on home appliances, plastics, and financial services), and estimates these latest........

© Fast Company


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