General Electric to hire 5,000 U.S. military veterans over the next five years.

Image: General Electric J-47-27 USAF; Wikimedia General Electric Co plans…

Image: General Electric J-47-27 USAF; Wikimedia

General Electric Co plans to hire 5,000 U.S. military veterans over the next five years and to invest $580 million to expand its aviation footprint in the United States this year.

The largest U.S. conglomerate unveiled the moves ahead of a four-day meeting it is convening in Washington starting on Monday to focus on boosting the U.S. economy, which has been slow to recover from a brutal 2007-2009 recession.

“We should have the confidence to act and to restore American competitiveness,” Chief Executive Jeff Immelt, a top adviser on jobs and the economy to President Barack Obama, said in a statement.

Source: Scott Malone, Muralikumar Anantharaman for Reuters.

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