Updated 11 November 2021 at 13:26 IST

Scene at GE HQ as it readies to split into 3 firms

A serene scene outside General Electric headquarters in Boston, one day after the company announced that it will divide into three public companies focused on aviation, health care and energy.

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A serene scene outside General Electric headquarters in Boston, one day after the company announced that it will divide into three public companies focused on aviation, health care and energy.

The storied American manufacturer struggled under its own weight after growing to become a sprawling conglomerate.

The breakup is the culmination of an arduous, yearslong reshaping of a symbol of American manufacturing might that could signal the end of conglomerates as a whole.

The company has already rid itself of the products most Americans know, including its appliances last year and the light bulbs that GE had been making since the late 19th century when the company was founded.

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The announcement marks the final stage, divvying up an empire created in the 1980s under Jack Welch, one of America's first CEO "superstars."

Published By : Associated Press Television News

Published On: 11 November 2021 at 13:26 IST