https://www.republicworld.com/fact-check/technology/fact-check-was-general-electric-sold-to-china-who-owns-general-electric.html
GE being acquired?
Is GE was set to be purchased by Chinese conglomerate?
Breaking: New GE turbine failure causes nationwide blackout in Pakistan
https://bnonews.com/index.php/2021/01/pakistan-hit-by-nationwide-blackout/
273 should read thin! Couple more hundred out the door
Power and renewable energy I'm discussing these segments together because they are both businesses in turnaround mode. Simply put, CEO Larry Culp is trying to improve margins at both businesses and get them back to generating FCF in a couple of... — read more
TRUTH >>>> GE Stock Won’t Go Anywhere in 2021. Here’s Why J.P. Morgan Still Pans It.
Tusa may be too hard on GE but he is correct. Nothing has changed in GE except still moving money around only now legitimately. No revenue generation and nothing with acceptable margins. Culp should continue to eliminate the Executive ranks and save... — read more
Schenectady NY
No spring or even 2021 layoffs in Schenectady NY. Thats gotta really bum some out! Great news for all those that like to work and collect a paycheck!!
Jeff gets to keep all his money it appears!
the board decided that “any such litigation would not be in the best interest of the company and its... — read more
Renewables
https://briefingsforbritain.co.uk/the-costs-offshore-wind-power-blindness-and-insight/ https://www.zerohedge.com/markets/blain-will-green-economy-trigger-next-meltdown More layoffs in the future?
SEC Settlement Article
https://www.ft.com/content/6de86032-0a83-41ba-85a8-125ccce3b0be
2021
I know pretty much everyone is hoping for a turnaround in 2021, but let me tell you why that's an impossibility. Currently, there are literally millions of tenants, retail, residential, office, who are seriously delinquent on their rents, and are... — read more
No doubt
Larry's stock price goal lowered and bonus raised. He is just as greedy as two jet. It always has been about the money for him and the cronies on the board of directors. They will just ask the employees to give up jobs so they can get what they want... — read more
5G Conspiracy - Local 301 Meeting?
Will it be brought up at the next Local 301 meeting along with other wacked-out concerns? Just asking.
GE Layoff Site - NOT A DATING SITE
Please take care to not flirt (calling others cute) on this site. Please keep it all business.
Country wide job analysis predict just like Managers predict work
And yes, their favorite way to save money is by laying off employees. It's a shameful short term fix that winds up costing company more in the long run. I wonder if they know about any other way? More than half of global layoffs will be in US. And it... — read more
Cult Bonus Plan Change Must Be Due To Need For Equity Raise
Equity raise would hit stock price.
GE's Curious Case of a $47 Million CEO Bonus ... Or Just Another Case of a Corrupt Board
Bloomberg write - up questioning board decision to lower the bar for Culp's payout. All those who criticized how I Melt owned the Board can now jump in on Culp. GE clearly demonstrates the need for separate CEO and Chairman roles as the saying goes... — read more
Schenectady Cores and Casting House Christmas Gift
It has been announced the GM of this new GE business that has really taken off, is leaving! He admits he is not the person to lead as the business goes full steam ahead on production of a new stage 1 gas turbine blade production. The only place in... — read more
The Perfect Christmas Gift! You can now pre-order Jeff Immelt's new book!!!
Hot Seat: What I Learned Leading a Great American Company by Jeffrey Immelt Available pre-orders now accepted at Amazon and other retailers for shipment in February. Very exciting to hear from GE's greatest visionary leader. Some notable... — read more
Laughable
Anyone else think that gas power ceo award was a complete waste of time and b—s—? they don't care about the normal employees, just the high profile leaders who take credit for everyone else's hard work
Try not to laugh: The GE Business You've Never Heard Of: And Why It Really Matters
https://www.fool.com/investing/2020/12/12/the-ge-business-youve-never-heard-of-and-why-it-re/
GE agrees to pay $200 mln penalty for disclosure violations -SEC
GE leadership defined below. RIP to the many employees who took it on the chin with layoffs. "WASHINGTON, Dec 9 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday that General Electric Co(GE) has agreed to pay a $200... — read more
In due time I’d say around spring.
Schenectady is an ancient t–d that has been stuck to the foot of the GE boot for a long time. Sc-ape it off on the nearest curb as soon as possible and move on toward breaking things up. Any salary or union employees left in 273 must be the very... — read more
Major Layoff of Employees in Windsor, CT
Starting on Wednesday, 02-Dec-2020, wholesale layoffs began at the Windsor location. No numbers yet, but it wasn’t a ‘deadwood’ layoff. Many, many prominent names & positions are out. Small skeleton crew left to support existing few projects... — read more
Missed opportunity to flush 301 problems
The membership had the chance to get a clean break, a fresh start with their votes. Some decent challengers put themselves out there to be elected, answering the calls for change. Yet those votes went to “More of the same”.At this point the chance... — read more
Election 2020 - Hope or S.O.S. - Nothing changes ??
Funny to see the posts here and the the replies concerning the Election of Officers down on Broadway. All the promises of change but – by whom ?? With the only real exception of the BA that was replaced by a temp - who's now in charge - again - by... — read more
Its Election day eve!
As we wait for the polls at local 301 to open, there is so many unanswered questions. Was there a legit election cmte appointed in Jan of 2020? Will any elections held in 2020 hold up in court? Does the term constitution and bylaws mean anything to... — read more
Remember when saying you worked at GE actually meant something?
Remember the good old days when you could be proud of your job? I miss it. Watching this company fail more and more each year gives me no pleasure. On the contrary, it makes me sad to see all that potential squandered away by people who have no place... — read more
The truth on were the money went
https://www.unionfacts.com/local/employees/10315/CWA/301/
WHY THE DOUBLE STANDARD?
https://www.aol.com/news/former-executive-faces-prison-time-172833503-185335444.html Security and Exchange Commission should apply the same logic to prosecute I-Melt and his top deputies to throw the bstds in jail, for misleading investors... — read more
Layoffs GE Steam Power France
https://www.google.com/amp/s/letrois.info/actualites/general-electric-300-suppressions-de-postes-chez-steam-dont-240-a-belfort/amp/
Financial Statement or Joke, One Can Never Tell
Original Sept. statement printed on 10/12/20, handed out at Oct. meeting, it was “pieced together too quick.” YTD in both columns. That was the excuse. New version just handed out, printed on 10/26/20. YTD is Oct’19-Sep20, the numbers printed on... — read more
#1 Thing Carolina needs to do? Emphasize accounting/controllership and de-emphasize FP&A
GE has been plagued by financial manipulation and for far too long it has allowed FP&A to direct and get involved with everything. FP&A should be doing planning and analysis based on verified financial information. It should not be directing closes... — read more
Who’s The Big Spoon?
The company is taking a very big risk to protect the current P and BA positions. And why wouldn’t they? The current P and BA are nothing but yes men for the company. The P would make a better HR manger with the way he advocates for the company... — read more
General Electric Layoffs 2021
If the economy turns around, do you anticipate any General Electric Layoffs 2021? Any news or rumors?
GE Stock out of the penalty box? WTF. Still playing games
Laying people off, closing sites and jumping on the bandwagon of lean is not any way to turn a company around. Don't get me wrong, the layoffs and site closures are way overdue. Lean when done correctly is good (if not great). But, GE is still... — read more
Major layoffs Aviation
With major layoffs announced Friday at aviation how long before we hear the same at power. I believe GE as whole is top heavy so hopefully they will trim in middle and upper management.
New Order For VN
Please join me all Schenectady based employees in hoping this order is completed overseas so that a bullitt can be put in our site for once and all. https://www.yahoo.com/finance/news/general-electric-vietnamese-firm-ink-164921711.html