ALSTOM model dead Vic don't want to do services get out if your still there. You been warned.
Bigger cuts and restructuring coming from the Brass
Down to the little T’s in Schenectady. With the stocks crashing and recession coming there will be big layoffs across GE and power
GE pension transferred to GE Energy
No change either way for pensioners, but will there be a buyout for former hourly employees in the future?
All, in your hearts you know that Larry is making all of the right moves for the company.
Dealt a very poor hand to play, Larry is doing the best that could be expected. Unfortunately, Jack’s GE Capital ran unabated and Jeff was way too late to turn it off. Jeff should have reset the company after 9/11, but did not have the... — read more
Greenville’s service work is getting sent overseas
So tell me that no layoffs are coming to the Schenectady campus. Watch first Managers and Opps. Leaders will be laid off the it will me lead to an hourly layoff/ restructuring.
Greenville repair work heading to Indonesia
Most of Greenville's repair work will be heading overseas! Not a surprise.
GE Training
GE learning center is no longer going to train GE techs. Hmmmm wonder what that means???? Massive layoff coming at ELC and the field. The Alstom model is dead, you've been warned.
Layoffs around the corner?
Lately I've heard a lot of rumors about layoffs. Everyone has a hunch that they could be big. I don't know how true that is so if anyone has any insights, please share.
Directors are fat cats!
And Culpable appointed 2 of his cronies as new Directors. I am really surprised why a company like GE attracts so many jerks ??? Sh---y as he-l.
The company will never sell or close the Schenectady Campus
This is where it all started our jobs are safe and secure for many years to come. Our union leadership will do everything they can to keep work in 273 and 66. This campus we work in will be here for years to come. I’m voting yes to the contract... — read more
Business Strategy Needs Law Change in USA
These business laws needs changing when pension funds exist in a business involving workers and for the government of citizens… First step, acquire or open a business, drain what assets (including pension fund then turn over to government PGCD)... — read more
It Really is THAT BAD
If Larry & Co laid off the entire Renewables workforce, and simply wrote off all the Renewables assets, the overall GE company would be in a much better spot financially than it is today!
Culp says:
the company can weather a recession. Of course it can, they've been practicing for the past 20 years.
Goodbye old friends
We had a nice little run in Onshore, clueless leaders who hired at a whim and didn't understand basic operations and business concepts around services contracts and profit vs revenue. They hired us in under the guise of saving the environment but... — read more
Kiss the Ring
EB's being asked to profess their allegiance to VA or they end up on the growing REN trash heap. HR running scared as their Glint scores are used against them...nobody is safe!
Get ready Schenectady
GE downsizing Boston HQ, pursuing sale of NY campus ( cited from a news headline article) there will be big layoffs for Schenectady. Smoke and mirrors served with Corprate drink was bought and sold by the union. The Next 3 years of the unthinkable... — read more
3rd Q Earning Report Tuesday
General Electric may report a disastrous quarter. "The industrial corporation is confronting a variety of challenges, including rising raw-materials costs, supply-chain issues, a highly cyclical Aerospace division, and increasingly unstable free... — read more
Fieldcore
They are coming to buy FC next week. They'll be in Schenec to meet with AM, VA & SS. The bloodbath coming they are buying far less then are available.........more layoffs after that and more factories closing in the # is 35k globally for headcount... — read more
DOL Audit?
Whatever happened to the dreamer that claimed the DOL was coming down on Local 301? You know the coward/member that is suing his own union.
GE Puts Its Famed Crotonville Management Academy Up For Sale
Wall Street Journal just reported that Crotonville is for sale. The link is on a paywall, so not posted. Where will our talent come from now? Oh, woe is me!
On Shore list of layoffs distributed externally
Congrats HR, the layoff list, aka ‘Salary consultation’ invite has been screen shotted and sent externally. HR leaders at NextEra, EDF, Enel, Siemens, Vestas, Winergy & EDF have it. Good luck trying to negotiate a salary at those places, they... — read more
FIELDCORE is the next shoe to drop
Get ready. You've been warned.
240 laid off in OnShore wind
Nice work HR, publishing the list of impacted peoples names in a meeting invite. If you wanted to embarrass people more, congratulations, you have done that effectively. Homewrecker (SS) will promote you very soon! 10/10 on the toxic meter, in... — read more
I hate their excuses
Every time there is a layoff happening, the top dogs always have some excuses. I don't even expect them to take responsibility because I don't consider them leaders, but hasn't it become disgusting for them to always look for reasons in something... — read more
A layoff represents a failure of management
Management is well-aware that employees are a major expense on the P/L statement. Yet, in periods of economic prosperity, they hire like sailors drinking alcohol on shore leave, to epic excess, with little care for tomorrow. Then the hard times... — read more
Supernova is in progress...
The Prophecy is true, Vernova=Supernova
It's 20 percent
Not as bad as 30-40 percent but certainly not good. https://www.cnbc.com/2022/10/06/ge-layoff-20percent-of-onshore-wind-workforce-hundreds-of-jobs.html
More cuts today?
Have there been more cuts today? I haven't heard anything yet but that certainly doesn't mean nothing has happened.
Renewables layoff today
Hearing it will be big. 30-40%
Monday will be a day of history
Monday the feds will announce a recession and this will be way worse than 08-09. How many layoffs happened back then? How much work did we have ack then? Well this event will be worse than the 1929 depression! It’s about to happen way worse... — read more
Siemens to lay off 2900 in their wind portfolio
Guess who is the next batter? GE and at GE the cuts won’t just be in wind it will be in supernova here in the Electric City. So long T’s
Renewables layoff next week
Good luck to all. I feel terrible.
Lights Out Book, a good read so you understand what happened in the last 20 years!
"Lights Out" outlines the last 20 years of GE at the CEO and Board level. Many lived through it and heard the rumors but this goes into the real details. It explains a lot! https://www.goodreads.com/en/book/show/50086786-lights-out
I dont know why this guy PA is so grim?
The spinoff is a good news. You are finally free from the evil clutch of Culpable, who wants nothing but his share of money. https://www.barrons.com/articles/finding-ge-healthcare-stock-a-home-after-spin-51663531506
It's time for them to take some responsibility
The employees cannot be blamed for everything bad that happens in this company. But that is exactly what is happening. When will the management finally understand what their job is and start taking responsibility for it? Will it ever happen while... — read more
GE Power gets new CEO - Mavi Zingoni
https://finance.yahoo.com/news/ge-appoints-repsols-zingoni-ceo-225528392.html
GE HAS MUCH BIGGER ISSUES THAN SPPLY CHAIN
Supply chain issue is just an excuse to fool investors into thinking that every thing else is OK. Under the current CEO, the stock has lost almost 50% of it's value. Time for a new CEO may be.