Future of General Electric Lamp plant in Bucyrus uncertain
The city of Bucyrus is on edge, worried about what could happen if General Electric pulls the plug on its lighting division, dimming the future for 250 employees at the GE plant there. The CEO of the company announced a lower stock dividend and said the company is considering getting out of manufacturing lighting.
"These are going to be decisions made at the corporate level and probably outside Ohio," said Gary Frankhouse, economic development director of the Crawford Partnership.
But Frankhouse said that doesn't mean Bucyrus will be caught by surprise. He said employees have already been offered retraining opportunities. But what Frankhouse would really like to see is another company buy the plant and continue to make lights.
"In 2013, GE positioned themselves to be the first domestic producers of LED bulbs, so they're positioning our community to where we have a selling proposition," he said.