I believe most of us could see that a split would eventually happen. Or are there still those who never thought this would happen?
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I call BS on this post. The T’s would always say the union would not allow that. Well how did that false hope work out for you?
T rates will give up everything to keep their jobs alright. But in a few years they would give everything meaningful from the contract for nothing. Not even to have a job at GE it will be named something else. A division of GE waste lot will be the new name in Schenectady. Good luck $ucker$
D rates are taking their V rips and blowing 273, T rates will accept anything to save their jobs 😤
Youz Union Dudes need to pay more dues to help feed our poor starving union leaders. They are parasitic and need to leech on GE a little more.
Prior to about 4 years ago I wouldn't have thought a split up was possible. About 3-4 years ago is when I started to think GE would more than likely split. I based this on the notion that at some point all of the sellable assets will have been sold. All that would be left are the assets that are too valuable, with the most promising future and the other assets that you can't even give away. By splitting up, you protect the part of GE that is staying above water on its own from being taking down by another part that's struggling to make it. In the past, GE would move profits from one division that was doing really well and shift it to another division what was going through a troubled time.
I think Aviation has the most value and is the most promising. Healthcare isn't as valuable but with the entire world freaked out over the pandemic and the paranoia everyone has associated with their own health, its future could be very promising. Power on the other hand has value, is worth more than healthcare, but is the least promising. Any potential buyers probably see nothing but a headache. As a whole, it's probably seen as a dysfunctional family with some good members. Everything that Power makes is either loved or hated by half of the world's population. What I now think will probably happen is that Power will over time, start to sell off parts of itself. What they can't get rid of, will probably been seen as an acceptable loss and then it just collapses on itself. Whatever does happen, it won't have any impact on me. I get to watch the show now.
The remaining employees in Schenectady will be non-union before 2024.
The union will save us from the streets. That’s their jobs they will give up everything in the contract to save jobs in Schenectady. So the answer to your question is the company is banking on this hand. To take more away from the union to split to remain “competitive”. Meanwhile LC is making million$ and million$ While the little guys are struggling and giving up more to the 1 percent class. I hope they lay me off this place has really turned into a clown show at the worst circus in America.