Hopefully my facility gets first dibs on the layoffs because I am sick of doing nothing all day and getting paid for it. Trying to find something to do so I do not get in trouble. Is it the same in Schenectady? I have read on here that Schenectady... — read more
GOOD NEWS
GE says French plant set for layoffs will not close down and that they saved 15% by switching to GEICO
Greenville and Schenectady thinks that the layoffs won’t happen in the states read this article.
PARIS (REUTERS) - A General Electric (GE) factory in eastern France where the U.S. group is planning job cuts will not close down, and the firm is looking into alternatives there including building aeronautical parts, GE's French boss said in a media... — read more
What $1.6 billion in cuts coming to Power- Not Good or Is It?
Why doesn’t the ceo notice the problems here? Starting with CEO salary and bonuses! Salary pay from the top of the chain down! The Hourly union workers get the shorter straw every time. The skill and experience and dedication that was developed at GE... — read more
The CEO is ready to start chopping heads. A piece of this article I came across-
Well I think CEO is about to make some major moves in Power very soon— I could be wrong but it does not look promising at all. GE's power business has been losing money and is the top priority in Culp's efforts to turn around the company. "No... — read more
Pension Impacts?
Can someone explain in detail what the poster meant about setting up corporate to file bankruptcy and how it was related to GE Transportation and Appliance spin-off to Wabtec and the Chinese. How does that affect the pension GE owes me?? I’m confused... — read more
PBGC / GE Pensions
I think there is some bad info being posted here about the PBGC. They have a max rate they will guarantee per month and it depends on your age. Also, it appears that a surviving spouse would only receive 50% of the pension, GE's plan let's you chose... — read more
More layoffs for Power Starts with France
And soon in Greenville and those union slugs will get played again by the corporate greed club. France is first up, next Here in Greenville, then upstate ny will get played again and loose more. Greenville has no work? Schenectady has a full year... — read more
Only folks from the outside have this different perspective
Most GE managers are NOT managers, they just know how to make power point slides. A manager hires good talent, develops them, and advances their careers. So the managers career can grow also. Very few GE managers do any coaching or mentoring of their... — read more
Good question
Trian Fund Management disclosed that it has sold about 9.4% of its General Electric stock investment. Trian subsidiaries sold 6.66 million GE shares from May 22 through 24 for a total of $64.2 million. They know sumpin' we don't? Originally posted by... — read more
Belfort
Et voilà, juste après les élections. Quelle honte. Patrick Kron en prison. https://finance.yahoo.com/news/general-electric-planning-cut-around-101930593.html
Do any of the managers have ANY experience prior to starting at GE?
Or is that not one of the requirements when hiring? I mean, if you are going to skip GE people who have plenty of experience DIRECTLY, the least you could do is make sure that outside people you bring in have at least a portion of that experience and... — read more
CEO LARRY CULP IS SLOW IN EXECUTION
I am beginning to think this CEO is little slow in executing. Keep saying again and again Power division has big problem. Of course it has, everybody knows that. Big investors are getting rid of GE stock. The last CEO got fired for being slow. Hope... — read more
CEO presented at Electrical Products Group Conference (May 22nd)
I took some time to listen to the presentation of our beloved leader at the latest Electrical Products Group Conference. You can listen to the recording here: http://wsw.com/webcast/epg2019/ge/ Three things jump out of this presentation: First: Power... — read more
CEO Has Stated yesterday in the media that more cuts in power is needed
Than why in Schenectady we are so busy and barely have enough man power to complete next years orders? I do not think the CEO knows about how busy we are. I’m confused.
Go figure
And this new regime of manufacturing managers think they know what they are doing https://kfor.com/2019/05/23/turbine-buckles-collapses-on-oklahoma-wind-farm/
Salem Layoffs (VA WARN filed)
GE - WARN - http://www.vec.virginia.gov/warn-notices 1501 Roanoke Blvd. Salem, VA 24153 5/13/2019 7/12/2019 245 Salem, VA David Ferrell (540) 387-7085 Closure
The Layoffs for the next wave are closer than Power Employees think
The bad news of more layoffs for Power employees are closer than people realize. The first few waves of layoffs and restructuring of job codes and combined job plans are not enough. To turn this around there will be the continuous job loss very soon... — read more
This is earth shattering. Comstock stresses 'patience' with GE stock, CEO Larry Culp
As if anyone cares or believes that Beth knows anything. Amazing that people bought her book and that she is still invited to talk shows.
2025 ban on natural gas in Washington
Washington State to ban Natural Gas Powergen http://newstalk870.am/clean-energy-bill-passes-wa-state-senate-would-eliminate-natural-gas/ Not just new plants, but also current ones by 2025. Other states to follow... @XVX35uP
Stop guessing
Everybody seems obsessed with guessing when layoffs will come. In most cases management has told us there will be layoffs in Power, Corporate, GED an Oil and Gas. If not look out for keywords like synergies coming from management that most always... — read more
GE Power Layoffs Needed Now More Than Ever
GE Power getting beat by competitors: https://www.thestreet.com/markets/general-electric-loses-market-share-in-gas-turbines-jpmorgan-analyst-steven-tusa-says-14961302?puc=yahoo&cm_ven=YAHOO&yptr=yahoo I want my stock price to return to $ 20+/share... — read more
Here we go again...
https://finance.yahoo.com/news/exclusive-fbi-targets-johnson-johnson-100519603.html
Any more info about the Power Layoffs?
If in fact the layoffs started and this story on the board was not just a rumor, I would like to know what locations were affected and if it’s possible, how many people are being let go at certain locations.?I work at Power and we haven’t seen these... — read more
At GE, Transparency Comes in Fits and Starts? Huh? What Transparency
Those who work with and for GE know there is no such thing as transparent interaction.
Layoffs started in Power
Get ready for another round of fun
Most good employees are gone
We are so shorthanded it's laughable, and yet the replacements we get - on rare occasions we do get them - are completely useless. No wonder most of our good employees are gone and the remainder are getting ready to leave. The future of General... — read more
Layoffs Atlanta lIfes changed
20 Years later my wife is gone. Politics where chosen not achievements etc. Her name stands alone Our house gave the best to Ge and now a cut of 10 Admins in Power. Not low paid and low abilities. Higher paid that made their bosses able to perform at... — read more
Why was GE destroyed? The 100 BILLION DOLLAR question.
"Both Welch and Immelt behaved as if their body odour was perfume. They believed their own hype and bought back stock and stock and more stock. Total shares repurchased were over 100 billion dollars. Just 30 billion of that money now would solve the... — read more
Coming Back Home To Schenectady........
https://www.wbur.org/bostonomix/2019/05/09/general-electric-seaport-property-sale Big plans to start the transition back home to the Power base. With Schenectady's renaissance of the Downtown, a perfect fit for the GE Corporate and boost in stock... — read more
GE's Should Merge Its Power Business With Siemens Unit
https://www.barrons.com/.../siemens-is-spinning-off-its-power-unit-ge-merger-5
VIRP, anyone know if they are talking about offering it again?
Does anyone know if they are planning on offering the VIRP soon? I'd take it seeing as 61 years is here this month. Nice to get our early and enjoy the time with my family Thanks
Siemens spinning off Power division ...(expect GE to follow )
Siemens is spinning off Power ( including conventional generation , O&G, transmission and shares of Siemens / Gamesa renewable ) , into an independent company with its own stock market listing . Once GE finishes up putting lipstick on its Power pig... — read more
Power layoffs...many of which covering consultant cost
Power paying outside consultants millions...to tell everyone what we already know. So how are we covering that cost...more layoffs. Absolutely disgusting...between CAS and outside consultants are tripping over themselves; running redundant plays... — read more
so much for loyalty
Laid off after ~25+ years at GE, riding the tides, ebbs, and flows of the Company. Knew it was coming but getting the Notice s---ed, hurt, and gave me (folks who are on the team and also got laid off) pits in my gut. Hoping that the "nationally... — read more
Stocks jumped, leadership change cash flow still an issue
The new leadership will be looking to slow the cash flow problems by starting more layoffs. Starting with Greenville and Schenectady. We have no work just making spare parts for storage and shelf kits.
What are we missing here? Quite a bit of change in leadership but one???
New CEO, New Chief Human Resources Officer, New Top Lawyer. With all the financial issues how does the CFO remain?
Is there any way out of this?
I don’t see the company having any real direction under this leadership. They may have slowed the fall down but it’s still a fall. Will we ever be on the right track again?