There is no mega deal- yes GE landed a little work from overseas but it is going to be manufactured in India with the GE logo on that product. The only reason GE Power got some work is because the United States Government convinced the overseas order holder. That GE still has a quality product.
I might also add this GE’s biggest competitor landed most of the work and they still had a large layoff last month. The same plays the company is doing presently in a facility close to the one I use to work at closed its doors.
I was fortunate enough to retire hundreds weren’t so lucky. The fort Edward plant sits vacant and the only way DEC will go and look and test the grounds is only if GE sells the property.
So those who think that GE will not close a facility, move the work over seas do your research. Then you may post on here but I do see that the closest facility to the one mentioned closed. So here is the two options GE will have after this national contract no matter the outcome.
A- close the doors and padlock the gates
B- reductions in manufacturing employees
Keep in mind that the CEO made it very clear to cut over a billion in The power division. Yes people are saying it will be overseas but highly unlikely. The truth is overseas manufacturing is way cheaper than here in the states.
Even in France look GE made the mistake of spending Billions on the Alstom deal. Do you think with the issues Power is having with Free Cash Flow and the stocks. That the company will trash $15 billion right now?
Good luck as I sit here happily retired playing golf until this next un-union contract passes.
Please leave some positive questions and answers. I want to here if any other retirees or current members have some good communication on these said topics.