GE and CAW ratified agreement includes Peterborough Centre of Excellence

GE and CAW ratified agreement includes Peterborough Centre of Excellence 
PETERBOROUGH, ON, Feb. 19, 2013 /CNW/ - GE and the Canadian Auto Workers (CAW) 
reached a collective agreement on Sunday, February 17(th), 2013. The 
agreement includes a significant investment in GE's Peterborough facility to 
create a North American Centre of Excellence (CoE) for large slow speed motors. 
"GE is committed to building our Peterborough business and continuing our long 
history as an employer of choice in the Peterborough area," said Elyse Allan, 
President and CEO, GE Canada. "We believe this ratified agreement sets the 
stage for building a competitive operation and a world class Centre of 
Through a multi-year, multi-phased restructuring program GE will invest in 
process and capital equipment upgrades to transform the motors facility into a 
globally competitive operation. This will position GE Peterborough to compete 
for incremental business in multiple industries. 
The initial investment will include approximately $21 million for the first 
phase of restructuring with an additional $5 million investment to support the 
wind and solar businesses for a total investment of approximately $26 
million. GE anticipates that this investment will enable the company to 
generate Industrial Regional Benefits in support of pending commitments. 
GE will continue to aggressively pursue significant marine opportunities with 
the Canadian Government for the National Shipbuilding Procurement Strategy. 
If successful, Peterborough will be GE's production facility of choice to meet 
demand for propulsion motors, generators and other components for these ships, 
potentially resulting in additional jobs at the facility. 
About GE: 
GE (NYSE: GE) works on things that matter. The best people and the best 
technologies taking on the toughest challenges. Finding solutions in energy, 
health and home, transportation and finance. Building, powering, moving and 
curing the Not just imagining. Doing. GE works. For more information, visit 
the company's website at 
In Canada, GE has operations across the country, including major 
manufacturing, sales and service locations with 7,000 employees. Follow GE 
Canada on Twitter at: and YouTube at 
Media Contacts: Court Elliott GE Communications/PA 1.905.858.6130 
1.647.281.7073 (mobile) 
SOURCE: General Electric Canada Inc. 
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CO: General Electric Canada Inc.
ST: Ontario
-0- Feb/19/2013 18:30 GMT
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