Balance outsourcing with job losses, says GE Chairman, Immelt
Wednesday, 16th March 2011
The GE Chairman, Mr Jeffery R. Immelt, on Monday chose to diplomatically tread the middle path on politically sensitive issues of outsourcing and protectionism.
Even as he admitted to being a proponent of �globalisation�, Mr Immelt pointed out that he did not see any harm in American CEOs caring about long term health of the American market and American worker.
��I think you can do both,� he said.
Asked about his views on outsourcing and protectionism, the GE Chief asserted that the long-term focus in the US has to be one of competitiveness and driving the conditions in which jobs are created.
He went on to add: �Every Indian CEO cares about his own country and its workers. So I don't think there is anything wrong with American CEOs caring for their own country, it is a good thing,� he said.
He further stated that while GE had about 130,000-140,000 people working in the US (with acquisitions), it was probably bigger outside the US.
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