GE To Add 5,000 Jobs For Veterans, Improve Plants

By Douglas A. McIntyre Published Feb 13, 6:29AM EST

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GE’s (NYSE: GE) chief Jeff Immelt is the head of the President’s CEO advisory council. On of its jobs is to find ways to increase job opportunities in America. Immelt has been criticized because GE has not added jobs in the US since he took over a decade ago. The CEO says his company will now become a leader in the hiring of veterans, and build of US-based plants

At a four-day GE sponsored meeting in Washington, the company’s PR people said experts attending ‘will share ideas on “what works in America,” with discussions centered on manufacturing, innovation, jobs and trade’

In addition:

GE said that it would hire 5,000 new veterans over the next five years and help integrate many more in the workforce as a sponsor of the “Hire our Heroes” partnership with the U.S. Chamber of Commerce. The company will also launch skill-building centers called “GE Garages,” double the number of engineering internships to 5,000, and introduce new tools to help GE businesses better understand their customers and become more competitive

And GE

said that it would invest $580M in Aviation manufacturing and research & development in the U.S. The investments will support growing production rates and product offerings

Immelt has put his money where his mouth is.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.