The stocks jumped up does that mean no layoffs this year?
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GE doing well means they'll be able to think in longer terms. That doesn't mean no layoffs. It doesn't mean hiring. It does mean no going out of business sales.
Schenectady has a very low backlog in Schenectady this year for new units. As for services, not sure. Back in the day GE needed 11 new steam turbine units to breakeven. GE Power needs still make cuts in Europe, but you all know how that goes.
I've heard Schenectady has same work load as last year. There should not be any layoffs. Not enough people as of now
We are at the bottom of the cycle here in 2018. Workload will increase starting next year and improve from there. Don’t forget that this is contract year in the company will suppress work so they get what they want. LC said on the conference call he expects revenues to an increase in 2019 and then dramatically increase in 2020.
Any good news is counterfactual.
The workload aside, I actally think it's worse for us. Everyone one of us has a replacement out there who was laid off and is desperate to come back. There's not enough work to keep us protected from layoffs or from being replaced. This just means more demand can be put on us and if we don't like it, there's the door. We'll have somebody happily do it tomorrow for less pay. In the long run we'd be better off being sold off or shut down. Neither of which will happen. At leat then it would be ended for all of us and we could move on. There is too much false hope running through Schenectady. People are holding on and they don't truly know what for. Nothing positive ever comes from that.
I was told we have plenty of work in Schenectady and no layoffs are coming. Still the rumors fly of more layoffs for Schenectady. Personally I think We have a couple jobs but not like we did to keep everyone busy. From what I am seeing I think we will get hit again with more restructuring and job losses.
Layoff in Power is not dependent on overall GE result...its dependent on GE Power result...which is pathetic... to say the least. 42 turbines in a year!! Its horrendous. How can they keep the same number of people??? Layoffs have to happen in the reset market.
Besides have you seen the supplement that came with Q4 results. There is a vast difference between GE's GAAP and non-GAAP results. The no.s presented were non-GAAP!! GE is still not using GEnerally A ccepted Accounting Practices to show its numbers to investors and markets....they dont have the courage to do it...
Any news about nuclear?
If we get this aviation work that I keep hearing about then it will only buy us time to offset any layoffs. If things don't improve for power, aviation can only offset us by so much and then more layoffs will happen. It's a wait and see game!
stock will drop soon once it is understood by all that there is not enough ongoing cash generation. GE is weighted down with way too much debt and no way out.
If there is no equiptment orders to bid on worldwide, there there is no orders to win, which means like we have all been told in power, its gonna be a real slow cple of years, maybe more lay offs, maybe not. Finacial statements are bot going to dictate head count at this point!
The stock has been higher when they've done layoffs in the past. It doesn't matter what the stocks price is.