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GE to reorganize into six industry-focused business units

Jun 27, 2005 10:03 AM

Structure change to take effect July 5

General Electric recently announced that effective July 5, it will reorganize its 11 businesses into six industry-focused businesses: GE Infrastructure, GE Industrial, GE Commercial Financial Services, NBC Universal, GE Healthcare, and GE Consumer Finance. GE Chairman-CEO Jeff Immelt said that the company believes it can reduce $200-300 million of cost in savings and structural redundancies.

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