The company announced their intent to close their remaining facilities in Fort Wayne.
General Electric plans to consolidate all of their commercial locations into one, in Monterrey, Mexico.
88 employees at GE will be losing their jobs.
The remaining less than 20 employees will continue working from home.
Pat Morello, General Manager of the Small and Specialty Motors Division of General Electric, says shutting down the remaining facilities in Fort Wayne will help the company better meet the needs of their customers.
"While I would love to be able to manufacture those motors in Fort Wayne, our customers require us to be in places where we can be competitive, and that's what has really driven us to seek out more cost competitive parts."The main concern for General Electric currently, is the livelihood of the 88 GE workers being let go.
Morello says that affected employees will receive comprehensive severance packages and other compensations based on years of service, along with other benefits.
The 1 million square feet of space at General Electric rests in the middle of an urban enterprise zone, leaving a huge potential for redevelopment.
What General Electric and the City of Fort Wayne decide to do with the facilities is to be determined.
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