BANGOR – GE released a statement saying they are shifting eighty jobs from the Queen City location to a facility in France.
Officials say this is due to the company taking power turbine manufacturing jobs to Europe and China because the corporation has been cut off from export-import financing.
GE says it’s all because of Congress’ decision to let funding for the U.S. Export-Import bank lapse in June.
The industrial giant is bidding on eleven billion dollars in international power projects and wouldn’t be able to do it without the financing. That’s why it’s seeking the finances elsewhere.
There’s no word on when the move would take place.
Politicians Respond to Job Relocation Democrats Blame Republican Lawmakers
Meanwhile, democratic leaders are now blaming republicans for the inability to reauthorize the export, import bank…
Democratic Chairman Phil Bartlett releasing a statement – saying the announcement is a quote “Direct result of house republicans putting politics before American workers.” End quote.
Congressman Bruce Poliquin was the only member of the Maine delegation to oppose the re-authorization.
He also released a statement calling GE’s decision disappointing adding that he backs up his decision not to continue the export-import bank saying he will quote “Do anything and everything possible to gain and secure jobs.”