In a recent announcement, GE said it is moving the company’s headquarters in charge of X-Ray technology to China. In an effort to increase sales to the giant Asian nation, and cut costs in the process, the largest manufacturer of imaging machines in the world is closing its US headquarters after 115 years. Until now, GE’s X-ray business was headquartered in Waukesha, Wisconsin.

The headquarters will move from Waukesha, Wisconsin, amid a broader parent-company plan to invest about $2 billion across China, including opening six “customer innovation” and development centers.

“A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general manager of X-ray for GE Healthcare, said in an interview.

Obama's job czar is going to invest $2 billion in China.  And GE says they aren't laying anyone off, just moving them to China.
 
Can Obama explain how Jeff Immelt is his man to create new jobs in America?  Immelt is moving jobs out of America.  GE paid zero in income tax last year.  Is that what Obama really wants?

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