GE closed a 20-year-old TV factory in Suffolk, Va.
Friday marked the last day of work for 230 employees at the General Electric factory, which is closing because of competition from cheaper televisions made overseas. Only one assembly line will continue to operate, but only through November, said Richard Knoph, the plant’s manager of communications. When that line stops, no TV sets with a GE brand will be produced in this country, a GE corporate spokesman said. A total of 790 jobs will be eliminated at the plant by early next year. The laid-off employees will receive severance pay averaging $12,000, insurance coverage for a year and job retraining, Knoph said.
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