GE General Electric, a major American manufacturer, has announced plans to reorganize its business into aircraft engines, medical equipment and electric power, and divide the company into three companies in order to improve management efficiency.
According to the announcement on the 9th by major American manufacturer GE, the business that it has had so far will be reorganized into aircraft engines, medical equipment, and electric power.
On top of that, while GE itself will be responsible for the aircraft engine business, the medical equipment business will be spun off next year and the electric power business including renewable energy will be spun off in 2024, splitting the company into three.
GE is proceeding with business restructuring due to the backlash of business diversification and sluggish business performance, with the aim of improving management efficiency by embarking on a company split.
The two companies to be spun off are planning to go public, and CEO Lawrence Calpe said, "By creating three industry-leading listed companies, each company can focus more on its investment allocations. It will be. "
Among major manufacturers with many businesses, Toshiba is also considering restructuring its business and splitting the company into three, and there are a series of moves aimed at improving management efficiency.