So much for his caring about employees...
Welch acquired new businesses and
did not hesitate to use layoffs and outsourcing to streamline them, sometimes leaving shattered, embittered communities behind. He faced criticism - particularly after he retired from GE - for his cavalier attitude about offshoring and shutting U.S. plants, a theme that has grown more potent since the election of President Trump.
The U.S. industrial belt is dotted with communities devastated by GE’s downsizing. At its peak, for instance, GE employed 30,000 at a sprawling integrated industrial plant in Schenectady, New York, that now employs fewer than 3,000.
Jack Welch, who upended the business world in the 1980s and 1990s by transforming General Electric Co <GE.N> from a stolid maker of light bulbs and washing machines into the most valuable U.S. public company, has died at 84, GE said on Monday.
www.reuters.com