Dallas, Texas 04/11/2014 (FINANCIALSTRENDS) – General Electric Company (NYSE:GE) had good news for the citizens of Greater Cincinnati yesterday. Jobs Ohio which is a government agency which co-ordinates with private enterprises to create new jobs, announced yesterday that the Fairfield firm has decided to set up a back office set up, which will be developed as the company’s share services centre for operations across U.S and globe. The project on completion would provide jobs to nearly 1,400 people, there by adding a big fillip to the local economy.
The project will be commenced in the summer of 2014, and is expected to be fully operational in the 2017 time frame. The move is part of the global conglomerates effort to streamline and simplify its operations by getting rid of redundant and overlapping operational departments into one centralized and standardized operational structure. This yet to be set up global back office for General Electric Company (NYSE:GE) is being envisioned as a shares services setup which will offer the various subsidiaries and group companies of GE, services like finance , accounts, operations and IT support from one single location.
Cincinnati in Ohio won over General Electric Company (NYSE:GE) in spite of stiff competition from other states. Expressing his happiness at the firm choosing Ohio Gov. John R. Kasich “GE is one of the most innovative, forward-thinking, well-run companies on the planet. The company knows the Greater Cincinnati area is an excellent place to be because of its long-time, successful GE Aviation operation and we’re thrilled with the confidence this move shows in the people of Ohio. JobsOhio has once again shown its value by working successfully with the company to make this happen. It’s great to see more jobs created by Jobs Ohio’s efforts.” Ohio till date is home to close to 15,000 employees of General Electric Company (NYSE:GE) today.