Waking up to a story of a potential shake up at 301. Seems there’s gonna be Some challengers , looking to finally remove the current Company Rope Smoochers from their positions, a much needed & over due changing of the guard. Seems the membership has... — read more
Finally info starts to come from Corp. office
Reuters) - General Electric Co (GE.N) said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. The company, which also makes aircraft engines, said... — read more
GE out of coal, more pain to come...
https://www.thestreet.com/investing/general-electric-slides-on-new-build-coal-power-market-exit
Consolidation Agreement or...
Definition of Sweetheart Agreement: an agreement between an employer and a labor union on terms favorable to the employer and often arranged by a union official without the participation or approval of the union members. We were warned by the ones... — read more
GE CEO: Worst is behind us, momentum building
Good News for those still employed!!!! Maybe the layoffs will stop after all the damage created, GE CEO: Worst is behind us, momentum building "Shares of GE have been battered this year, down nearly half from the 2020 high, as the... — read more
New Boss NEEDS To Know
Does anyone know if the new boss knows that certain company people and certain 301 people had (possibly still have) a very close relationship, extremely close relationship? Some would call the relationship inappropriate, others would call it illegal... — read more
Why I just bought more GE stock!
The name of the site says it all: fool.com/investing/2020/09/16/why-i-just-bought-more-ge-stock/
GE Stock Jumped $.20 no layoffs for Schenectady
Until March 2021....... The demand is high the jobs are rolling into Schenectady tons of OT scheduled for months to come. Keep up the good work 301 let’s save a T Rate Job in 2020
GE to cut 500 jobs in Switzerland
Some 436 highly qualified jobs are affected by General Electric Corporation’s precipitous decision to pull the plug on its facility in Switzerland. The jobs will be moved to India, China or Italy or even worse to France and the level of quality... — read more
Schenectady NY work load
So local 301 has a board meeting yesterday, and very little chatter today about it. Enough Generator work to keep everyone busy thru March 2022, steam work through next spring of 2021. Why isn’t this being blasted through out our membership? Adding... — read more
GE to cut 750 jobs in France
According to a plan leaked by French unions, GE Renewables will cut over 750 jobs in France in the coming weeks. At least 600 jobs would be cut at Grid and 135 at Hydro. And the Hydro workshop at Belfort would be permanently closed. It's all over the... — read more
Severance letter?
I got the letter in the mail but it didn’t say anything about severance or have anything to sign I have to look at it again. Is that for full time or part time people? Sorry I’m a little confused..
Stock
Seems the stock price is slowly slipping to penny stock land.....thoughts?
Layoffs before the end of the month
I heard we're looking at more layoffs in the next few weeks, is this true?
We Know
When a person is paid to stay home because he/she is no longer welcome at the company, even though he/she hasn’t actually been terminated, is said person ever at liberty to disclose this information or must it always be kept a secret? Just wondering... — read more
What About GE/Haier/Momentive/
Just wondering
Power Energy
Siemens Is About to Spin Off Its Power Unit. What That Means for GE Stock? Siemens is going to close up shops and cut jobs in power to make a bigger profit. I’m sure GE is fallowing suit once Siemens begin their cuts it always happens. So the... — read more
Huge Work Announcement Today!!
Huge work announcement today to effect US and Europe plants, steam turbines, gas turbines and generators!! So much for the doom and gloom of Schenectady!!!
Happy New Year! Jan 2nd 2021 The year of major cuts
https://cbs6albany.com/news/local/ge-sending-some-turbine-work-to-poland-will-cut-some-local-jobs Major Layoffs coming in 2021 right now the company says few dozens. By 2021 it will be hundreds in 273. I wonder what the great onion gave up
Layoffs Coming...
if this article is correct. https://www.axios.com/general-electric-ge-heads-towards-zero-94ed6624-cb72-4a84-b034-341e0f031f44.html
How many CFOs are running GE divisions
During my stay at GE, every finance knucklehead from the CAS program was a CFO. The time to re-brand the title is long over due. The mindset of these people is of an analyst, but the title of CFO balloons their pea sized brains... Just my 2 cents... — read more
Hey Schenectady wake up
LOUISVILLE, Ky. Has the guts to vote for a strike over healthcare is out pacing their raises. What about us? Oh we vote no they lay us off. Oh well
To bad Schenectady didn’t have guts like this facility! GE employees to vote on strike authorization
Who voted no? I did! And in 2015 I voted no both contracts Belong in the trash. GE Appliances union employees participated in drive-thru voting at the union hall. The union said on Monday that over the course of their last contract, healthcare costs... — read more
What is going to happen in Schenectady?
Cost-cutting measures are typically implemented during times of financial distress for a company or during economic downturns. They can also be enacted if a company's management expects profitability issues in the future, at which point cost cutting... — read more
220 hourly employees 273 Pain Factory Layoff announced for October
In the great onion it has been announced for 220 layoffs in October. Look for the pain to start sooner for 273 as the lights have been turned off down some bags which makes for nice sleep spots
Many big companies announced layoffs Coke among others GE is the next batter up
I’m sure I will get my pink slip and my employment at GE in 273 will come to an abrupt end. I find it funny hearing people saying they have kids, bills how can GE do this? I laugh because your not in the 1% of the rich boys club. You/We are... — read more
GE/Momentive
Same soup
whats with the email to the guards telling them not to answer any if the medias questions.
More layoffs at GE Evendale?
Sorry to hear all the bad news about GE 273 layoffs, I hope the best for everyone. I am a hourly maintenance worker out of GE Evendale and the talk of more layoffs here are beginning to increase. I am staying hopeful that it is just the rumor mill... — read more
When are the layoffs for 273 in Schenectady
My guess on when the layoff is. It more likely when the talks of VRIPs are offered. If GE wants 200 people gone out of 273 the onion will negotiate VRIPs If no one takes VRIPS the onion will try to negotiate SERO’s. The company will not got for... — read more
Layoffs in Schenectady
Anyone know when the layoffs are supposed to hit in schenectady??
Aviation DT
OMG Aviation DT is a mess. First off a lot of the software is outdated and past its life cycle. Next why do we waste so much time on transparency and diversity. Couple of hours and everyone would get the point. Now they plan on wasting more time on... — read more
He will offer hourly workers retirement packages at end of 2020
Don't retire too early in 2020. GE will offer hourly workers a one time 75% of their yearly income to retire early.
Culp $230mill contract
How many t rates salaries will it take to make up for Culps Contract? Bare minimum at 273 coming soon
Stupid me. I thought the shenanigans were over at GE. Board is still in cahoots
Immelt out. Yeah!. Flannery gone. Ok. Culp brought in as savior. Great expectations and clearly fallen short. He could hardly implement Flannery's plan. Now he is rewarded with another couple of years to a CONTRACT. C'mon. The rest of GE employees... — read more
WTF .. Culp gets a contract extension? So many others losing their jobs. He hasn't done anything
Stock is still floundering. cash burn is excessive and he gets rewarded with a contract extension? what is this MLB rewarding a left hander with a 6-10 record with another year?
Incentive compensation bar lowered for Larry Culp
I think it was right to lower the bar for Larry Culp to get his stock incentive money. GE isn't going to hit the original stock price targets from his 2018 deal, so why have a CEO of his caliber in the big chair with no payoff in front of him. ... — read more
Kindle, Fee Download: GE - Lights Out: Pride, Delusion, and the Fall of General Electric by Thomas Gryta
If you have Amazon Prime, this is free to download to Kindle: https://www.amazon.com/Lights-Out-Delusion-General-Electric-ebook/dp/B084D28MBV How could General Electric—perhaps America’s most iconic corporation—suffer such a swift and sudden... — read more