Market Overview

GE to Sell Bulbs in Walmart Stores; GE Says to Invest $30M, Add 150 Jobs

Related GE
#PreMarket Primer: Monday, December 29: Controversial Film 'The Interview' Makes Millions Online
What's The Most Popular Foursquare Location In Europe? Here's The Top 40
Making Money With Charles Payne: 12/2/14 (Fox Business)
Related WMT
MKM Partner's Quick Take On Holiday Traffic At Department Stores, Retailers
Deutsche Bank Raises Green Dot Price Target
In Biggest LBO of '14, BC Partners to Buy PetSmart (Fox Business)

GE (NYSE: GE) today announced plans to invest $30 million and add more than 150 jobs, expanding capacity of GE Lighting's domestic manufacturing operations to meet growing consumer demand for GE Energy-Efficient Soft White light bulbs. This announcement is part of GE's continued investment in advanced manufacturing excellence, pairing the best people with the best technologies. The announcement coincides with a new agreement between Walmart (NYSE: WMT) and GE, as part of Walmart's $50 billion domestic manufacturing commitment to bring more American-made products to consumers. This agreement will put U.S.-made GE Energy-Efficient Soft White light bulbs on the shelves of 3,400 Walmart Stores by summer 2014.

Recruitment and hiring for the new manufacturing positions will occur over the coming months at three GE plants in Bucyrus and Circleville, Ohio, and Mattoon, Illinois. These new positions add to the more than 700 employees currently at work across the three plants.

Posted-In: News

 

Related Articles (GE + WMT)

Around the Web, We're Loving...

Get Benzinga's Newsletters