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The Breakup 130 Years in the Making, GE Makes Its Final Split.
This article discusses the rise and fall of General Electric, once a major player in various industries such as lightbulbs, movies, refrigerators, plane engines, and MRI machines. Over the past twenty years, GE has faced significant challenges and has downsized by selling off many of its businesses, resulting in job cuts and debt reduction. The company will complete its breakup on April 2 by separating its power and aerospace divisions.
– General Electric was a prominent company in the U.S. with a wide range of products
– Due to turmoil, GE has become much smaller
– The company has sold off businesses, leading to job losses and debt reduction
– GE will finalize its breakup by splitting its power and aerospace divisions on April 2
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