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GE Shutters Plants in Lighting Shift

About 1,400 jobs will be cut.
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General Electric (GE) - Get Report plans to close several plants in its lighting business as it shifts focus away from incandescent bulbs to more energy-efficient products.

The move will result in about 1,400 job cuts, the conglomerate said Thursday.

GE is in the midst of restructuring its lighting business -- something that's been symbolically tied to the company since its founding by lightbulb inventor Thomas Edison -- as more customers embrace high-tech products that save electricity. The company aims to focus on high-efficiency incandescent light bulbs, light-emitting diodes and organic LEDs.

Already, the company has cut more than 3,000 jobs in the lighting business and closed sites in several countries.

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The latest round of cuts will involve closing all lighting operations in Rio de Janeiro -- cutting 900 jobs -- and shuttering some lighting positions in the U.S. -- affecting 425 jobs, some of which will be relocated.

The company also will transfer some operations in Mexico and the U.S. to other facilities, affecting 80 positions.