Latest in the rumor mill. Is there any truth to this? I see no news of it.
Topics regarding layoffs at GE Power
Months old news, but does anyone have any information on what led to CFO Craig Steven being fired? Nuclear CEO Jay Wileman didn't even know it was happening until GE Power arrived onsite that day.
Anyone have any information on layoff numbers coming [again] in Wilmington? Hearing major org changes, multiple senior executive layoffs. It took years and 5 or 6 rounds of layoffs but finally senior management appears to be getting impacted.
I am trying to figure out what the organizational structure of GE Power is these days?? I see info on building substations and distribution systems, a few equipment orders but I am not sure what our value add is? Are we just project managers these... — read more
I keep hearing rumors that the manufacturing operations at Schenectady we’re shutting down last year....we just installed a unit last month that had Schenectady markings on it and I’m curios if it is new or it was sitting in a warehouse some place... — read more
The first news went out in Belfort, France - 1,000 jobs to be cut. Other EU sites to be announced soon. French unions got a copy of the entire europe plan. I can't wait for one of these lazy fat f---s to leak it to the press!
Anyone see this? A website has been set up to disseminate the report, www.GEfraud.com, where Markopolos calls it “a bigger fraud than Enron.” The financial investigator, who was probing GE for an unidentified hedge fund, writes that after more than... — read more
I am sorry but the scope of what has happened to GE is unthinkable. How can this company go from false sense of security to it imploding on itself? From what we all have been hearing in the news, my simple question is, how could these two not have... — read more
Been reading on GE page that we are going to see a huge layoffs round at Power sometime in July. I'm not sure if there's any truth to that or if somebody is just trolling. I have my doubts, because if there are layoffs planned for July, would we know... — read more
Get rid of them....most of the projects these LPs work on are useless. Executives sell them off to look good so they can move up, but in the long term 90% of LP projects are useless. If GE wants to attract top talent start going to top schools and... — read more
In today's conference call, the analysis understand that GE needs to close some major factories due to over capacity. When will our leadership make these tough decisions? And lets face it the Alstom factories in France are the first ones to go. Sell... — read more
Usher in a new day...where Luda will scream "get out the way...B get out the way".....it will be a bloodbath....Finance huge cuts - Wildwood getting nuked!
There were a lot of layoffs today in Atlanta and Greenville for Power Services This is referring to Thursday, but I haven't heard about any layoffs happening yesterday. Is this true? How many people were hit? I think we'd all know if it was a lot... — read more
Glad I found my way out of the GE cult. Management’s thinking, 15 years ago, was that only the cream of the crop are hired by GE, so by the fact that we’re here, we’re the best of the best therefore any decision we make is correct.
Big cuts coming at Gas Power. it will be curious to see what the separation packages look like.
In February 2018 GE Power offered me a VRIP package and I applied for it. However, my manager denied the request saying I was too valuable too lose. I was really upset because others in my department were accepted. This brilliant system rewards... — read more
situation was pretty dismal last time checked in. digital was to get power sw jv, so portfilio loses one element
THE CAS and and its new sibling XLP are a marjor part of the reason why GE culture is rotten to the core. The production and promotion of leaders from these programs and their subsequent injection into the various GE businesses is akin to self... — read more
GE power is offering a max of 12 weeks pay for VSEP willing employees for are EB to SPB targeting employees with 5 to 12 years service. Its the first step before they start Job Elimination layoffs.
197 jobs to go by end of Q2 2019 at the Rotating machines in Rugby, England. A 130 year old factory with expertise in naval motors. The company wish to move the work to France, initially, but suspect final plan is to move the work to Eastern Europe ... — read more
I guess if a post hit too close to home it gets deleted. Love this anonymous Bull sh--
When will someone have the courage to call out the hypocrisy and redundancy and upper-level management with the new organizational changes at GE Power? Isn’t Chuck Nugent’s role irrelevant now and not needed ? Why do we need two heads for one... — read more
I have heard more Power Layoffs targeting exempt and non-exempt salaried at Schenectady. The union people were not part of this rumor. Has anybody heard anything?
Put Russell in charge of every but Gas. Sell everything other than Gas, turn out the lights, pay the fine, and close Belfort. — read more
Salt Poured on 205 Schenectady Union Slugs Today 205 Union employees released from the Schenectady defect factory today. Although I have little affection for the lazy, self entitled, uneducated union employees that make up such a vast portion of the... — read more
The typical employee now at GE is a 20 something college grad with limited real life experience who works a 20 hr work week. They are more concerned about their next job to care about the one they are supposed to be doing. While I could never get... — read more
The engineers at GE Power know their stuff, they engineered good engines. The PDE designers are amazing modelers. What it comes down to is lack of sales, simple as that. Maybe it'll turn around, but not for another few years. In the meantime, does... — read more
The Times reporting GE to close Rugby UK.Jobs to go t o France 1,100
The CIO just mentioned how they are "utilizing attrition" and "not backfilling" positions to reduce costs. Seems pretty tone deaf during this time of extreme uncertainty. Thoughts? — read more
Culp will need to decide whether to fix GE’s power division or sc-ap it. David Kass, a finance professor at the University of Maryland, thinks he should sell it because of its “substantial” underperformance.“The remainder of GE can then be turned... — read more
greenville has hired up to 50 sub par contractors to fill the busy cells in the plant while none of the laid off employees have received a call back yet?
They couldn’t close it fast enough! I wonder how morally and much unity is left? So many want the hell out of there. The union s---s PERIOD!.!.!.!.!.! The management they kept s---s as bad as the union hall.!.!.!.!.!.!.!.! HR is ALL COMPANY and the... — read more
Union members who voted yes need to apologize to the laid off workers and the other employees who voted no, for a small raise. Good job guys. You ought to be proud of yourselves. Your trash.
We were just told that the new CEO will not be making changes in strategies and that we have over 40 facilities too many.
There is absolutely nothing better than watching the Schenectady manufacturing site slowly slide its way down the guttter towards the drain. The Schenectady site will be around for a long time, but the manufacturing aspects of the location are nearly... — read more
On monday 18 June, the ge power employees in Baden got informed about the latest layoff numbers. the IRS process and swiss union process are now closed. The new number for Baden site is now 683 upcoming cuts, from 1195 originally. the attrition of... — read more
After 24 months of multiple salary layoffs and most recently, the first of what will be multiple union layoffs, I can honestly say that the majority of both union and salary folks at this plant simply don’t get it. Generally speaking: Management... — read more
205 Union employees released from the Schenectady defect factory today. Although I have little affection for the lazy, self entitled, uneducated union employees that make up such a vast portion of the factories dwindling work force, I truly would... — read more
GE is currently trading at $20/share. With a PE of 25. Competitor Siemens is at $71/share and PE of 17. GE (Earnings Per Share) EPS = (20/25)=$0.80 Siemens EPS = (71/17) = $4.17 In other words, to investors I’m better off buying a stock with a better... — read more