After negotiations with unionized workers at its Kentucky manufacturing plant, which GE Appliances said was losing hundreds of millions of dollars a year, the company lowered the starting wage for new hires. "GE Appliances CEO Blankenship Leaving Post," at 10:39 ET, misstated that the company cut employees' wages in the fourth paragraph.
(END) Dow Jones Newswires
Continue Reading Below
June 21, 2017 13:01 ET (17:01 GMT)