On Wednesday December 14, General Electric sold its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.
In an investor presentation GE said, that they are estimated to raise $4 billion from the sale of the unit as well as the previously announced sale of its water business.
The industrial solutions business has about 13,000 employees and 30 plants globally.
Employment declined by 42,000 (-0.2%) in August and the employment rate fell 0.1 percentage points to 60.8%. The unemployment rate was unchanged at 6.4%. Employment fell among youth aged 15 to 24 (-19,000; -0.7%) and edged down (-16,000; -0.1%) among people in the core-age (25 to 54 years old). While the overall unemployment rate was unchanged in August, it increased among core-aged men (+0.2 percentage points to 6.0%) and fell for core-aged… Read More…
Hammond Power Solutions Inc. has announced their inclusion in the 2026 TSX30 ranking, highlighting the top-performing companies on the Toronto Stock Exchange. “We continue to grow globally by helping our customers simplify electrification with innovative, reliable electrical solutions,” said Adrian Thomas, CEO, Hammond Power Solutions. “Receiving recognition for the third consecutive year, as a top… Read More…
April 28, 2024 This month, Lumen held their 12th edition of the Salon Lumen, the largest exhibition in Quebec’s electrical industry. The customer event was hosted over two days, commenced on April 16th in Quebec City, and ended on April 18th in Montreal. One hundred seventy-five vendors gathered within a 50,000 sq ft area to… Read More…
April 27, 2024 Retiring Windsor sales rep Scott O’Neil is still manning the counter with a smile on his last day at Western Equipment. Thank you from all of us for 23 years of dedicated service. All the best in your retirement, Scott! More information available here Read More…
This project is funded [in part] by the Government of Canada.
Ce projet est financé [en partie] par le gouvernement du Canada.
