Here are the moves under way company wide in the last year which will result in fewer manager jobs and is why they are looking for greener pastures.
-Current Spin Off
-Lighting Europe Sold
-Lighting Americas for Sale looking for buyer
-Lighting Plants closed Matoon, Circleville, Lexington, and others
-Industrial Solutions Sold
-Small and Specalty Motors Sold
-Large Motors in P’Boro Closed
-Announced Closings of UK Large Motors
-Plan to Exit of Oil and Gas
-Plan to Spin Off Healthcare
-Reverse Morris Trust Sale of Transportation
-Elimination of Energy Connections HQ
-GE Aviation Sale of Middle River Aircraft Systems
-Split of Power into Gas Power and For Sale Power Biz Units
-GE Power in Salem Virginia Closing
-GE Distributed Power in Waukesha Closing
-GE Power in Chattanooga Closing
-Break Up of Digital and Sale/ Spin Out of Predix and Sale of Service Max as well as move to Genpact of parts GE still needs
-Global Operations/ Shared Services Sale/ move to Genpact
-Tax Department Sale to Price Waterhouse Coopers
-GE Corp no longer can issue corporate bonds/ debt due to credit rating and debt outstanding
-GE Corp limited to 6 or so financial institutions providing $40 Billion line of Credit
-Negative Cash Flow for 2018 and projected 2019
-$9 Billion Corporate Debt/ Bonds due in 2019
-$25 Billion or so Corporate Debt/ Bonds Due in 2020
-Pension underfunded with a 10% payout percentage in 2017
-Stock Droped so executives who have large share of stock as compensation got nothing as their options expired worthless
-SEC Investigation of GE Accounting
-Justice Department Criminal Investigation of GE Accounting
-GE Power $23 Billion Goodwill Impairment Write Down
-$6.2 Billion in Q1 and $15 Billion in Q4 for Long Term Care Insurance
-New CEO Fired after 1 year when most GE CEO’s are around for 15-20 years
-Stock drop down to recession lows and devil’s number of $6.66
Reposted from @WNdVt95-xio .