Tonko on GE Announcement: Job Loss in Schenectady Direct Result of Republican House Leadership Inability to Renew Export-Import Bank
Congressman Paul Tonko (D-NY) released the following statement after General Electric announced planned job cuts to their American plants – including hundreds in their Schenectady, New York location. GE referred to the recent expiration of the Export-Import Bank, the official export credit agency of the United States, and the need for contracts to be backed by a government creditor as the reason work on a new contract would be completed by French workers instead of Americans.
