GE closes GeoSpring™ due to market conditions

LOUISVILLE, Ky., – Nov. 3, 2019 – (NYSE:GE) General Electric, announces closure of the water heater manufacturing plant called GeoSpring™. This will go into effect in December 2019 and employees have been made aware if their job is at all affected due to relocation or being let go.

The plant in Louisville, Kentucky for the last seven years served as a home to many skilled and productive workers. GE expresses remorse for this closure and apologizes of how it may impact employees but reassures that measures were unavoidable considering the recent depressed market conditions in Louisville and other regions. ­­­

“The journey we started in 2009 to create a new manufacturing plant dedicated to using cleaner more-efficient energy for making appliances was inspirational and a great experience. We are saddened to announce this journey will be coming to an end, but for the better,” [pending review] GE Appliances President and CEO, Kevin Nolan said.

Employees will be given the opportunity to relocate to another manufacturing plant. Through this closure we will be sure to aid those who we regrettably have to let go, assuring everyone is protected during this process.

Market conditions always affect business and without foreseen notice of a negative impact on the market, keeping the plant up and running would do more damage than good. Downsizing means that GE is seeking to reduce operating costs by using empty space in manufacturing plants that they already own.

Ending the production of GeoSpring™ products, GE Appliances will put more time, money, and resources into products that will speed up production and create things never before seen. “Although we have ended this journey in our company, new ones are yet to come through the continuing dedication to creating energy-saving heat-pump technology that will be better than ever,” [pending review] Chief Operating Officer, Melanie Cook said. At GE Appliances, we make life better by designing and building the world’s best appliances. From design to production to service, our goal is to help people improve their lives at home.

About General Electric

GE Appliances is at the forefront of building innovative, energy-efficient appliances that improve people’s lives. GE Appliances’ products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners, water filtration systems, and water heaters. General Electric (NYSE:GE) works on things that matter to build a world that works better. For more information on GE Appliances visit www.ge.com/appliances.

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