GE to Hire 5,000 Veterans Over Next 5 Years, Invest $580M to Expand Aviation Business
February 13, 2012
General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.
The announcements Monday were part of a four-day event that the global conglomerate is hosting with partners in Washington, D.C., that focuses on issues such as manufacturing and job creation in America.
GE CEO Jeffrey Immelt heads up President Obama's 27-member jobs council, which also includes AFL-CIO President Richard Trumka, AOL co-founder Steve Case and Facebook Chief Operating Officer Sheryl Sandberg.
GE said Monday that its "Hiring Our Heroes" partnership will help match veterans with jobs. The company, whose products range from jet engines to lightbulbs, will also team with the U.S. Chamber of Commerce to sponsor 400 veterans' job fairs this year. GE currently employs more than 10,000 veterans and has about 100 U.S. employee reservists serving overseas.