Thread regarding General Electric Co. layoffs

No Layoffs For Schenectady Or Salem

Power has been saved by GE’s big power deal over seas. Service work worth over $1billion so no layoffs anytime soon just moe free money.

REUTERS) - GENERAL Electric Co said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network.

The U.S. conglomerate was also working with multiple export credit agencies to facilitate financing of more than $1 billion for the projects, it said in a statement https://www.ge.com/news/press-releases/ge-scale-power-stability-through-two-new-agreements-iraqi-ministry-electricity on Wednesday.

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| 1923 views | | 13 replies (last August 20, 2020) | Reply
Post ID: @OP+16x2g6o7

13 replies (most recent on top)

It’s all smoke and mirrors from the company to the onion eating out of the company’s hand hook line and sinker. Layoff are in the near future and no over seas $1.2 billion dollar deal will save our jobs. 273 needs a major Mega deal that’s what brought in the T Rates. They lowered the standard and pay to get bodies in the door for the mega deal. Most t rates came from making $13-$15 an hr to $60Ka year. Meanwhile I’m making $130k plus a year with a pension. I worked with a guy who made $250k a year slept in the parking lot between shifts. Those days are gone 273 is trimming the waist heavier than the last 2 layoffs in the near recent years.

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Post ID: @gkt+16x2g6o7

@etb+16x2g6o7. That's the reason these layoffs have to happen closer to the Q3 earnings call (Oct 28th). Culp has to have something in his pocket to show the investors he's still trying to correct years of mismanagement and thievery...... although, at this point, it may be way to late.

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Post ID: @wez+16x2g6o7

Meanwhile shares drop another 2+% with this great news. Slow circle down the porcelain bowl

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Post ID: @etb+16x2g6o7

See GE and our great onion cares see you at the unemployment line.

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Post ID: @hjj+16x2g6o7

Month isn't over yet, unless august only has 20 days

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Post ID: @hej+16x2g6o7

thought layoffs were coming end of this month haha

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Post ID: @yxl+16x2g6o7

@vxr+16x2g6o7 That was supposed to be 15 rows, not !5 rows.

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Post ID: @tvg+16x2g6o7

The part of the Taiwan deal, IF GE wins the bid, that's big for Schenectady, is the gas turbine blades that currently can only be made in Schenectady Building 66. !5 rows total in the bid, thats a cple years worth of work beyond the work they have for 2021/2022. So you see, there is actual over seas work that will get done in the US, Greenville and Schenectady, the building that actually works for Gas Greenville, not Schenectady.

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Post ID: @vxr+16x2g6o7

That work is all overseas and per the union and company thats where it'll stay

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Post ID: @xwl+16x2g6o7

Layoffs are coming within the next month. Mark my words

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Post ID: @suj+16x2g6o7

Well i guess you're stupid because the letter the union and company just put out said any work overseas is staying in Poland any work in the US is staying in the us

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Post ID: @opf+16x2g6o7

There has NO work for Schenectady in this deal!!! Hoping for the Taiwan deal, that's got lots and lots of work for Schenectady!!

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Post ID: @jpg+16x2g6o7

My pension and job is safe. Keep it coming GE save our Schenectady’s jobs.

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Post ID: @xrf+16x2g6o7

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