The Power Ceo was supose to come to Schenectady campus. He drove down 890 and saw the campus told his driver “turn around i saw enough”. Got on the phone and said “close it its a waist of cash.”
https://www.unitetheunion.org/news-events/news/2021/june/ge-workers-strike-ballot-on-the-cards-over-swingeing-cuts-to-their-retirement-incomes/ Linda McCulloch wrote: “The handling of this situation from the GE management side has been utterly... — read more
All employed persons in city of Schenectady to be laid off this summer
There is a concept called the DOLLAR VOTE - you buy things that you agree with. Like McDonalds and hate Burger King, then dont shop at Burger King, you spend your hard earned money at McDonalds because you like and agree with their product. Well... — read more
Almost no work here in Schenectady, so nothing to bi--h about or lie about happening! Power CEO cancelled his visit due to nothing inovative or important to see in SCC Building 66. This is the calm before the storm that’s coming. We are so scared and... — read more
Where is Tim at onshore.
Mighty quiet in here today
Say you own 800 shares of stock. Current stock price is $13 per share. Total value? $10,400. After stock split, you now own 100 shares of stock. Price after split is 104 per share. Total value? $10,400. NO CHANGE. Great right? Well, not so fast... — read more
Look at your 401k plan- I bet most of you hold this cr-p company. Some basic econ101 - in personal finance, when revenue gets cut (like a family loses a job, or some other severe economic distress), whats the first thing they do? Put a halt to... — read more
GE, take note: https://youtu.be/jt6c3HRo8OE
Honest question - how much more is the American worker gonna put up with? Its like you are all fire hydrants and all your friends are dogs.... 1 - GE sheds american workers. There are now more foreigners working for GE than there are Americans... — read more
And I'm going to include GE on it. The blog post will be distributed to all social media websites. IT will expose GE for what it truly is. It would also expose the "Lean" Culpable. It would make GE look bad. But if you beg me, I may not include... — read more
So they take our shares away from us, for every 8 we have, we get 1. They then get the stock up to $100.00 or $120.00 a share. Are they doing this bec they need more wiggle room to have the stock go back down towards zero?? Right now it’s $12.57 a... — read more
Starting with sept 2018, before he was hired: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000040545/9750d020-9047-42ec-887d-efb3344e5fa3.pdf Comparing latest filing in April... — read more
RATIO OF CEO PAY TO MEDIAN EMPLOYEE PAY. Our median employee earned $53,928 in total compensation for 2020. The total 2020 compensation reported for Mr. Culp as reported under “SEC Total” in the Summary Compensation Table on page 39 was $73,192,032... — read more
https://www.youtube.com/watch?v=1nqqLGXrhSs&t=195s Who pays? Employees. Who will continue to pay? Employees. Who is rewarded? CEO and board. Just like it ever was....
How prepared are you in case layoffs are announced? Although there have been some rumors about layoffs on this site as well as from some colleagues, I am still safe. However, I always remember one colleague who was convinced that there would be no... — read more
https://www.chartmill.com/stock/quote/GE/fundamental-analysis GE is where good honest people go to throw away their career.
S. jobs as a percent of GE’s total workforce dropped to just 32.2% in 2020, down from 53.7% in 2000 and 73.4% in 1993. https://www.marketwatch.com/story/ge-has-nearly-halved-its-u-s-workforce-in-3-years-with-more-job-cuts-likely-11613160793 If... — read more
https://www.google.com/search?q=general+electric+jobs+india&oq=general+electric+jobs+india&ie=UTF-8&ibp=htl;jobs&sa=X#htivrt=jobs Requirements: Must be willing to work for 77000rupie ($11,000usd) Must be an indian national or have a valid... — read more
The best thing for GE in the long run is to break up the company. Few if any benefits from keeping disparate businesses under one umbrella. Plus, painfully obvious that aside from Welch's financial manipulations, GE really never benefited from having... — read more
https://www.industryweek.com/leadership/article/22024694/ge-is-said-to-plan-12000-job-cuts-as-new-ceo-revamps-power-unit General Electric Co. is planning to cut 12,000 jobs in its power business, a person familiar with the matter said, as the... — read more
Very telling: https://violationtracker.goodjobsfirst.org/prog.php?parent=general-electric&order=pen_year&sort=desc
The union officials know and are sworn to secrecy and can not say when it is. I was told 7/13 is when it will happen. The company has the union in their pocket just like at contract time. It is going to be HUGE for the 301. The A’s will bump the B’s... — read more
Source below... In short: However, with recent news pointing to solid growth opportunities and a massive reduction in debt obligations, they seem to have cleared a pathway for solid growth. I am increasingly bullish on the company's long-term... — read more
Yeah I'm complaining but the massive healthcare deductible sucks. Yeah my wife's surgery is going to cost less than sticker but holy shirt ba--s it's gonna be expensive. The kicker is that it's a super rare condition that has nothing to do with... — read more
I didn't make a detailed calculation, but I made significant savings by working from home. I knew that WFH would not last forever and there are also benefits of working in an office of course (for example it is easier to have a work- life balance)... — read more
Folks, if you are forced to come back into the office, you have a very strong legal case to stay working from home, as you have proven you can do it for over a year. Do not give into the pressure, know you have the upper legal hand. And no... — read more
Anyone have any details on the new compensation plan for non-executive band employees?
A reverse stock split is unusual for a company as large a General Electric (ticker: General Electric ). And a reverse split isn’t typically seen as a positive factor by investors, although a traditional split, such as Tesla ‘s (TSLA) 2020 move giving... — read more
More job loss at the Schenectady campus for both union shops. 273 and building 66.
They are on the way for hourly and salary team members. GE is trimming the fat to boost up the stocks.
People were talking about bringing in Aviation into 273 because this big building is not being used in the fullest capacity possible. They keep shrinking the bar shop and Consolidating the jobs. I wonder why? Eventually one guy will be doing 3 jobs... — read more
The company will announce it this week on 6/10. So much for everyone calling in on the same day on their shifts. Won’t need to now.
GE CEO Says DOJ Has Concluded Review of Jet-Leasing Unit Deal-