GE Sold to Haier

GE Sold to Haier

With the sale of high cost GE to low cost Haier, we wonder, what will become of all those GE employees, not involved in sales, marketing, and product localization.
With Chinese factory workers making a tiny fraction of US wages, and the recent slow down in the Chinese economy making those workers both less expensive and less mobile, we wonder what Haier will do to quickly cover the $4B investment to buy GE?

Well that’s a puzzle.

 

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