GE takes $1 billion risk in bringing jobs home

Jeff Immelt, General Electrics chief executive, says the decision to put $1bn into the groups domestic appliances business is as risky an investment as we have ever made.

He may well be right. The decision to bring back to Louisville, Kentucky, hundreds of jobs that had been outsourced to Mexico and China is emblematic of his strategy for GE. If it fails, it will be hung around his neck forever ... READ MORE

Released by the Financial Times 2 April 2012