The last sentence says it all. Its not that there is no market for GE's type of skills, its that there are competitors from other places. That includes people located in the primary growth market footprint, of Asia. So GE would be competing with European and North american salary and cost models, against people every bit as good (and they are) but from a different cost model, and even if you equalize for that the asian suppliers can deliver onsite for less, because they are constructing locally.

Look outside Asia. Who is investing in Africa? yep. China. They build roads, rail lines, power networks, in return for the coltan.

GE as an IPR company doesn't need the same number of people as GE as a build-and-ship company. GE will continue to exist as a bespoke engineering design entity. Maybe GE is becoming ARUP?