The Prophecy is true, Vernova=Supernova
Not as bad as 30-40 percent but certainly not good. https://www.cnbc.com/2022/10/06/ge-layoff-20percent-of-onshore-wind-workforce-hundreds-of-jobs.html
Have there been more cuts today? I haven't heard anything yet but that certainly doesn't mean nothing has happened.
Hearing it will be big. 30-40%
Monday the feds will announce a recession and this will be way worse than 08-09. How many layoffs happened back then? How much work did we have ack then? Well this event will be worse than the 1929 depression! It’s about to happen way worse... — read more
Guess who is the next batter? GE and at GE the cuts won’t just be in wind it will be in supernova here in the Electric City. So long T’s
Good luck to all. I feel terrible.
"Lights Out" outlines the last 20 years of GE at the CEO and Board level. Many lived through it and heard the rumors but this goes into the real details. It explains a lot! https://www.goodreads.com/en/book/show/50086786-lights-out
The spinoff is a good news. You are finally free from the evil clutch of Culpable, who wants nothing but his share of money. https://www.barrons.com/articles/finding-ge-healthcare-stock-a-home-after-spin-51663531506
The employees cannot be blamed for everything bad that happens in this company. But that is exactly what is happening. When will the management finally understand what their job is and start taking responsibility for it? Will it ever happen while... — read more
Supply chain issue is just an excuse to fool investors into thinking that every thing else is OK. Under the current CEO, the stock has lost almost 50% of it's value. Time for a new CEO may be.
If supply chain issues are the real problem, how long can they keep employees on payroll? They also mentioned a lack of "skilled labor".... that's not the term they use during contract negotiations, isn't that strange!!
It used to not be like that, but now it's a big mess. Management is mostly to blame. The wrong people are in managerial positions and they are one of the biggest reasons why I am no longer proud to work here. Most are forced to wear multiple hats... — read more
They Got an Tentative agreement for pay raises! Good win for the local 201. Will the 301 in Schenectady Power have the same luck? Doubt it! I see layoffs coming fast
Good thing I sold it before $70. It's now bear market with recession looming.
GEA will have the lions share, while Vernova and HC will get small bits. Looks like VA is sailing off into the renewables sunset, leaving GRC to the wolves.
Vernova is going Supernova.
... — read more
A wood chuck wood if a wood chuck could chuck wood? As many layoffs slips LC can give out to us here in Schdy.
When does the FOR SALE sign go up at R&D?
Layoffs for Schenectady will be announced next week
Schenectady will be shaken up again the layoffs are real. It’s True!
Both chose to make huge decisions about the company at the exact wrong time: Immelt, the Alstom dibacle. Culp, reverse stock split and company break up. Prove me wrong!!!
I see massive layoffs on the way
Is it any wonder that Culp is going to Aviation?!? https://finance.yahoo.com/news/general-electric-ge-smart-long-140321938.html
Well I for one wished everyone had the guts in Schenectady not to take the survey. If no one filled it out and threw it out the contract will be the same. It will be as worthless at the paper hanging on the bathroom stall walls. Get ready for a 1... — read more
Then why the he-l you union guys still want to work at schenectady and keep complaining about it? Can't you find other better jobs?
Heard chatter of a one year contract extension due to the “ split” and am thinking how badly we were screwed by the Onion on our past two. Lump sums and accelerated cash payments have put us farther and farther behind. With 9% inflation what do... — read more