GE's $1B investment in its domestic appliances ops, which includes bringing jobs back from...

|By:, SA News Editor
GE's $1B investment in its domestic appliances ops, which includes bringing jobs back from abroad, is "as risky an investment as we have ever made," says CEO Jeff Immelt. However, unit CEO Chip Blankenship says that while overseas production brought a one-off cost benefit, "we found over time that wasn’t that sustainable a business model."