Share
GE Looking to Sell its Chicago-based Transportation Division

GE Looking to Sell its Chicago-based Transportation Division

GE Looking to Sell its Chicago-based Transportation Division

General Electric’s (GE) CEO John Flannery announced this week during an investor’s conference that GE wanted to end its longtime ownership of the Chicago’s transportation division within the next two years.  The company’s transportation division has been a major player in building passenger and freight locomotives for over a century now.  This transportation division of the company moved from Pennsylvania to Chicago in 2012 and employs roughly 10,000 people worldwide, including about 2,000 employees based here in Chicago.   

Flannery told members of the conference that among the various departments in GE’s company, the transportation division is lagging behind the others with little hope for future development, thus setting setting up the potential to sell or put a new spin on the division.  In Flannery’s eyes there’s no pressure to do this, but rather a way to simplify the company and put hyper focus on the areas it wants to feature and highlight, such as their lighting department.  Which is what Thomas Edison founded the company on over 125 years ago.