GE Ripple Effect Fears Grow

June 24, 2013

Concern is growing in our region following the breakdown of negotiations between GE and the UE Local 506.
Erie's largest employer could now be saying goodbye to nearly 1,000 jobs, and other businesses could feel the impact. Mayor Joe Sinnott says he's disappointed an agreement couldn't be reached by the deadline over the weekend. Both sides aren't disclosing much today, but the union says they will continue to work to save the jobs, and are now figuring out their next step. GE's Jennifer Erickson says is also looking at what the next step will be. Officials from the Chamber of Commerce say that from their standpoint, it would be a significant impact. They say the loss of jobs will impact every business and could even trickle into the housing market declining in our area if nearly 1,000 people are without jobs. Mayor Joe Sinnott says he's greatly concerned over the ripple effect, especially because a lot of local businesses in the community supply GE. If there is no resolution, jobs could start leaving early as early as October.

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