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Wed, Oct 06, 2010

GE 'Insourcing' Jobs To Loves Park, IL

Up To 20 Positions Being Brought Back From Overseas

A GE facility in Loves Park, IL which makes bleed valves for aircraft engines will see a return of about 20 jobs that had been outsourced overseas. The move is due to a law passed five years ago by Congress which gives companies a tax break for manufacturing components in the United States.

GE Aviation and local economic development groups will partner to create new jobs and an expanded supply base in the Rockford, Illinois area. U.S. Rep Don Manzullo and GE Aviation leaders Mike Chanatry and Elliott Liddle joined economic development leaders to make the announcement Monday during a ceremony at the Rockford facility which was part of GE’s 2007 acquisition of Smiths Aerospace. Since that time, the team has utilized the GE engineering resources to expand its product offerings and markets. In addition, machining work is transitioning in from various parts of the GE supply base due to growth of the GEnx and the F136 programs.

“I want to commend GE Aviation for growing jobs in the United States and centering them here in Loves Park. This is exactly what we envisioned several years ago when we passed our bill to give manufacturers a 9 percent tax rate reduction on the products they make in the United States,” said Rep. Manzullo (pictured). “The supplier symposium will help create badly needed jobs for our area and expand our aerospace network even more as we continue to compete for an Embry-Riddle Aeronautical University campus in Rockford.”

“GE Aviation ... has demonstrated its ability to meet commitments and engage in the GE culture of compliance, quality and integrity that is so vital in the aviation industry,” said Mike Chanatry. “We also value the relationship GE Aviation has with government in Rockford. Rep. Manzullo has continued to create a business environment here that can help U.S. manufacturers like GE become more competitive in places like Loves Park.”

Plans are to expand machining at Rockford over the next year, which means plans for approximately up to 20 new jobs at the GE Aviation facility. Working closely with the Rockford Area Economic Development Council and the McHenry County Economic Development Corporation, GE Aviation will host a supplier symposium on November 4 at the Rockford Airport. The symposium is structured around coaching and mentoring local small businesses in doing business with GE.

FMI: www.ge.com

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