A small percentage of GE Power employees will be terminated near the end of March. This will occur at US facilities in both Engineering and Manufacturing. This lay-off will be smaller than previous layoffs and will stay well below WARN reporting numbers. This will impact both Schenectady and Greenville SC Plants.
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Invent something something anything
F— GE!!!..it’s time is UP!!!..it’s been a Piggy Bank for too many for too LONG!!!F— EM!!!
GE Power is losing money due to high cost of quality, especially in the service business.
Last year quarterly losses were huge in service one Quarter 550 Million and another 871 million losses. Traditionally Power had sales of 7.5 Billion and made 1.8 Billion earnings. Now they have 5.4 Billion sales and are losing around 1 Billion or so. The turbine service business traditionally made around 20% earnings on sales but since gutted out expertise, and transitioning to GE FieldCore and Atlanta instead of being part of Greenvnlle / Schenectady engineering product department have consistently lost money due to lousy quality sending out warm bodies instead of experts.
Because of these continued GE Power losses, I am sure there will be large layoffs and restructuring this year since Larry Culp said last year was a transition and now he was to show profits after two years of selling off GE assets like transportation to pay off debt. Now he has to make Power profitable which will not be easy due to two decades of gross mismanagement.
GE Power is now a failed business that can't make money because of two decades of structural mismanagement.
@qazk, that's not the case. I am lucky enough to have a really good manager that doesn't want me to be blindsided. My role is not being "eliminated". My role is being relocated to India for cheaper wages. I refuse moving for a company that is not loyal. If GE moves your job then it can say it didn't have a layoff unless you were dumb enough to sign the GE letter saying you agree to relocate.
@fdpe your manager is trying to tell you that you’re about to be let go. This has nothing to do with a broader layoff. It’s very likely that you’re just not doing the job.
My manager told me confidentially that my roll is at risk for elimination. I work for Power in Greenville SC. I’m not waiting for the ax to fall. As Looney Tubes made famous, “that’s all folks “. GE can take this job and shove it. I ain’t working here no more!
Bitter jealousy
Salty Jelly? What’s that?
Lots of salty jelly in this thread.
I would rather GE pay them to “play at home” than having them waste my time with their jaw flapping.
@OP+137bAVOv that’s the point
WFH does not necessarily mean doing GE work from home. Convenient term for not wanting to come into the office so you can sleep late and get things around the house done.
wfh = work from home
What is WFH?
Layoffs always come to GE. Always have. Always will. It’s not fake news or new news. GE is notorious for its love affair with layoffs. Why should it stop now?
Fake
News
I agree with the previous two posters about highly paid WFH employees. 99% of these do not actually WFH. They just receive a huge paycheck. More money taken from the bucket without a return on investment. But at least I don’t have to see them doing nothing everyday. I’m really tired of seeing and hearing Greenville employees blowing smoke up our “you know what” and doing nothing everyday.
Yep, everybody always agrees that it's the people who "WFH" that are a huge part of the problem and need to go. The problem is that all the people who "WFH" think it's everybody else who does that and they don't think their friends do it either. So they can't go, they need to stay. It's both hourly and salary that are guilty. Nobody is immune from this. In the end, nothing changes and we just go through another Ground Hog's Day and hope we can last long enough until we retire! There's still time for more winners but not enough for most of us. There will be plenty of losers when their "work until retirement" clock runs out.
Need to get rid of these people who "WFH" all day, never show up to the office, and have minimal responsibilities, but get big paychecks. Way too many of these in GE!
Actually sales with profit is the solution. GE tries to cut the sale price so low while keeping the GE Greenville slackers. The money leaving the bucket exceeds the money entering the bucket. This is GE’s fault though. If GE is willing to layoff effective workers and keep the slackers, it’s 100% GE’s fault for not making a profit. The slackers are making money for nothing and socializing for free.
Homewrecker up to no good still?
Sales is the solution, not cuts. Stop pushing the easy button...
Wow, March is only about 2 or 3 paychecks away.
What is the source of the information about the March layoff?
This will only be a salaried lay-off. Seniority doesn’t matter.
Until it's me, I can't be bothered by this.... and I'm too high in seniority to be bothered!
Yeah, nothing new to GE. Layoffs always come to GE. Why wouldn’t they be coming again?
I wish the lay-off list involved checking badge swipes and permissive time abuse.
That’s really the only tool GE has to make the stock spike.
Garbage
Fake news