15.09.2015 - General Electric will move part of production abroad
General Electric said about moving 500 jobs from the US to overseas locations. It is worth noting that the company makes such steps to obtain about $ 11 billion in export credits from banks in different countries. As a result, several assembly lines will be moved to Hungary and China. Given the company's reorganization and the sale of non-core assets, we expect the growth of the company's shares in the long term, but at the moment do not recommend including them in the investment portfolio.