https://www.nasdaq.com/articles/general-electric%3A-is-selling-the-steam-power-division-a-good-move-2021-08-31
2 replies (most recent on top)
Sell to France? The French own and operate 4,600 businesses in the US. Add another and it might be a plus for every Francois and Francoise’s job in Schenectady.
Before anyone would buy steam GE has to get the books in order. So the layoffs will help balance the books before a sale.