GE to Sell Bulbs in Walmart Stores; GE Says to Invest $30M, Add 150 Jobs
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.