Analysis of information sources in references of the Wikipedia article "GE Research" in English language version.
The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.
The new CEO is shutting down research centers in Shanghai, Munich and Rio de Janeiro, shifting some of their engineering work into individual business units, the people said. The retrenchment will leave GE, which spent more than $5 billion on research and development last year, with just two global research sites, located in Niskayuna, N.Y., and Bangalore, India.
The US conglomerate General Electric, as part of its cost-cutting efforts, is closing its R&D operations in Shanghai and transition it to an engineering centre. *** Other research sites in Munich, Germany and Rio de Janeiro, Brazil will also be closed, leaving GE only two global research centres, one in Niskayuna, New York and the other in Bangalore, India.
The research center in Bangalore, India, is also expected to remain open, but those in Shanghai, Munich, Germany, and Rio de Janeiro, Brazil would be shut down. No job cuts would occur in Niskayuna either as part of the reorganization of the research program. *** The moves to close the three research centers abroad are part of a broader effort to rightsize GE's international operations, especially in areas where markets had matured to the point where the research could be better absorbed by the businesses in those countries.
The new Baker Hughes, a GE company, now includes GE's Oklahoma City Oil and Gas Technology Center, along with Baker Hughes operations across the state.
The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.
