Ex-Dow stock GE could drop another 50 percent before recapturing old highs, market watcher says Keris Lahiff | @kerisalison Published 11:09 AM ET Thu, 23 Aug 2018 CNBC.com GE has the breakup blues after the Dow kicked it to the curb. Since the... — read more
Schenectady is calling back laid off members temporarily
They cut to many heads and calling back laid off members. Who is dumb enough to go back to that dump
There's nothing we can do
To all my colleagues, I regret that we are all circling this drain together. If there was anything I could do to help this business escape the death spiral, I would have already done it. The fact is that there's nothing we can do. Laughter is the... — read more
They Noticed
The fair haired boy of GE, Aviation has been under the radar while the other sectors of the company have been taking the hit for the company's down fall. Guess they are keeping tabs on us too... — read more
John and Ted's brother do a video explaining that sh_ _ happens
John's weekly update include another Nuge(n)t explaining that blade and other failures are just a part of life. Really? If this happened on an aircraft engine would they have the same explanation?
Greenville and NY Plants set to close in 1st quarter of 2019
The company is planning to close both plants. The company has set these manufacturing plants up to fail miserably by hiring unskilled labor and operations leaders whom couldn’t manage themselves out of a paper bag. 2019 the year GE closes majors... — read more
Bye Bye Belfort
Belfort will close along with a number of other GE Power manufacturing facilities in EU. Announcement incoming 1st week of October. MAGA
Learn from Verizon. 3 weeks for every year
Verizon is offering employees 3 weeks for every year. Compare that to the paltry 1 week per year from GE.
Most important, smartest piece I've seen anywhere ..Finally, the boldest move GE's board could make, get rid of Flannery and his team
Great article in Forbes and the last recommended action speaks volumes. Finally, the boldest move GE's board could make would be to get rid of Flannery and his team of homegrown underperformers. For those that work or have worked at GE this should... — read more
Proposed Solutions!
Proposed solutions: Sell Baker Hughes. Basically already announced though timing not clear. $23B is a lot of debt for someone to take on assuming it is a cash deal, which is not likely. Use proceeds to buy stock-isn't that how we got here? We have a... — read more
What do you say now Mr. Flannery?
Remember just 7 months ago, Flannery running his mouth... — read more
GE Power In Upstate NY is
Going to have more restructuring of union employees in the spring of 2019. 273 is screwed and those dumb unskilled t rates most will be out the door. Our joke of a union will not save you. You are left to fend for your self. Good luck to all
Needs to be fired!!
How is it that Russell Jokes still has a job after all the problems in Power. If it were any other person in that position, they would have been gone already. Maybe he knows enough dirty company secrets that they can't afford to let him go.
Wall Street Expecting Layoffs from Power
Today GE's stock hit a 9 year low, and is expected to keep falling due to its turbine failures in Texas. There will be more failures to come. USB states that GE will "require even more aggressive cost reductions" in power. Whatever Wall Street wants... — read more
Personal Pension/ Voluntary Pension | Keep at GE or Convert to Annuity?
My division of GE was sold to another company and I received a package from the GE Pension plan as part of the exit process for the business sale which would allow me to take possession/ a withdrawal of the Personal/ Voluntary Pension Account PPA/... — read more
Puerto Rico turns to solar power — why GE should be worried
https://www.nbclosangeles.com/news/tech/Tesla-Puerto-Ricans-Solar-Power-489199741.html GE execs should pay attention. It is not theoretical disruption of power gen model. People are saving money by going solar and in this case, increasing... — read more
Finance bean counters have ruined GE
I strongly feel its finance people who have led GE to ruin. Their FMP CAS people becoming CEOs in couple of seconds from joining... they have no idea about product or anything. Bet they cant identify our own products.
GRC is Hiring
Yup that's right folks, as GEP suffers through bad times, and employees get no raises for years, GRC is on a course to hire 20-30 engineers to work various programs. Get out your resume's and jump aboard the cruise to nowhere!
GE is burning cash from operations but presumably will receive cash proceeds from divestitures
This from the Street headlined "GE Stock Won't Be a Buy Until It Acts Like George Costanza". Yes burning cash on everything including millions of dollars to the consulting firms who are laughing their way to the bank. And those cash proceeds, just... — read more
MR TUSA IF YOU ARE READING THIS
Recognize that GE has been very open and honest in the discussion of the oxidation problem to their customers. This is much better than what can be said with how the leadership at MHPS has been dealing with their never ending issues on the J... — read more
Flannery had a chance to clear all but the next shoe has dropped. Time to say goodbye to all
Flannery had his chance to throw out the kitchen sink. Today's announcement by Power months after Flannery's clearing is beyond disappointing. Forget the $10 target. Shares will drop well below that and the whole company will be splintered, sold off... — read more
GE Power H-Frame Failure Causes $10 Stock Target
GE Shares Slide as JPMorgan Lowers Price Target on Gas Turbine Concerns Martin Baccardax Updated Sep 20, 2018 6:37 AM EDT General Electric (GE) shares slipped lower in pre-market trading Thursday after JPMorgan analysts cut their rating on the... — read more
Greeting everyone!
I'm a new joiner here at GE. So excited to be here! I see bright future for GE, even though Immelt made some dumb decisions. As long as GE pays down the pension shortfall, we are good to go! We just need to keep investing in renewable energy... — read more
Thursday All Hands
Big news comming from Hotlanta this week. Randall is going to announce more selloffs including SPS. Harben needs engineering no-how and they will pay almost $2B to take it all away.
We want to inform that we Can supply Aviation Kerosene,Jet fuel (JP 54-A1,5), Diesel (Gas Oil) and Fuel Oil D2, D6 FOB Rotterdam
We are please to inform your esteem buying company the petroleum products you are looking for is available in our storage tanks, We have an official FOB and CIF offer (Fob Rotterdam). We guarantee truth and professionalism, We will be ready to... — read more
CD THE BM ON 1ST IS ALL COMPANY
The 1st shift Generator BM in Schenectady is more of a company man than the top dog.
Middle River Aircraft Systems sold to Singapore Technologies Engineering
Another great bussines decision by JF. MRAS is the sole supplier of nacelles for the LEAP-1A. Brace yourself guys at MRAS your jobs are going to be sent to Singapore. My bet is that Unison is next in line to be sold.
Greenville needs to shut down before it is too late
GE has a policy to layoff young employees to offset the old ones with hopes of avoiding age discrimination law suits. It is all about optics? The buddy system is unbelievable in Greenville. Management in Greenville is still running around like... — read more
Reliable sources confirm
That Schenectady will be the sole power generator building facility. Managers and up know that GE in Schenectady can walk all over the union and plan on bringing all the work after the 2019 contract negotiations. GE has so much work they are... — read more
Sems that we ignored all the warnings. Shareholders get their money after all
I understand that they’ll do everything to keep shareholders happy, but to do it no mater what the cost is seems to me like pure madness. Of course when things go south... more job cuts... — read more
NON UNION = LESS GE PROFITS AND LESS PAY/BENEFITS FOR EMPLOYEES!
No question GE Schenectady is being considered a central site for all of power. Sure they will still have to deal with cheaper vendors for nuts and bolts but anything below the Mason-Dixon line as well as over-seas has proven to be disastrous for GE.
Invest in GE now!
Invest while you can! Buy low sell high. The demand for energy will quadruple over the next 20 years (think about our energy uses 20 years ago vs now). Windmills and solar cant compete with the future demands of energy. Ge is being reinvented with a... — read more
Greenville and Schenectady
Talks within the last couple months of slowly shutting down Greenville and moving back to Schenectady within a few years. Power wants one centralized location for both gas and steam and everyone seems to be talking about Schenectady. This sounds very... — read more
GE has no Cash for plant closures now, but wait until the contract runs out!
GE has no cash, so once the union contract expires next year, there are no requirements for severance or plant closure benefits. Then anything goes! The question is when do the employment requirements for the EU expire? That will be the next big date... — read more
France vs the USA
Word has it that GEP big boys have been told to choose between Belfort and Greenville, one stays and one goes. French government has been told to kiss Rusty's boots or he'll shut it all down, while Gov Hank needs to provide incentives. Bottom... — read more