Anybody else wondering what this is all about? Maybe now that they have ruined the company enough to get the shares dirt cheap, they'll actually try to turn it around so they can sell them higher?... read more
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Topics regarding layoffs at General Electric Co.
I want to wish all the GE families who lost their jobs this year a very Happy Thanksgiving.
Just heard they want employees to train people from France and Brazil how to do their job before they close the historic Peterborough plant in Canada. 350 people to hit the street next year
A while ago my husband was offered a voluntary buyout option together with his department. Some people took it, some didn't (including the hubby.) Needless to say, now we believe that decision was a huge mistake on our part. Does anybody here know if... read more
Some are long time survivors, i don't know how they do this. talking to people they have good relations with corrupt and insensitive HR. HR keeps the survivor list and they are safe. Any ideas on how to deal with nefarious HR
Anyone have any more info on the 401k investigation? https://globenewswire.com/news-release/2017/11/18/1197162/0/en/Investigation-Relating-to-401-k-Plans-of-General-Electric-Company-NYSE-GE-Announced-by-Stull-Stull-Brody.html Stull, Stull & Brody... read more
Some of the posters on this site are obviously not accurate in their posts. However, the truth is that GE can’t seem to catch a break. Japan (key GE customer) announced a $1/2 Billion lawsuit for the Fukushima nuclear disaster. Other class action... read more
I was told that the local Greenville news said that GE Power would build only 7 GT's next year. The local news also mentioned what other businesses in Greenville would be impacted by the serious reduction in sales (the news gave names of the... read more
With the 3 business strategy, why even continue as a company, simply sell them off and fund the pensions promised and be done with it. Wall Street wont be happy until GE is gone, so why delay. just stop the insanity.
https://www.fool.com/investing/2017/11/21/the-key-to-general-electrics-stock-prospects.aspx You have to wonder about JF leadership decisions here. RS is NOT the guy to bring about permanent positive change to GE power. Sorry, to say but all he is... read more
Agree or disagree? After this mess I believe it is still worse than what the public knows. I also believe there will be more than 25% in workforce reduction in many manufacturing plants stateside. Good luck!
I heard that even untouchable sacred cow that is Corporate Audit Staff is facing a reduction in intake numbers. Any truth to this guys?
The meals on wheels don’t deliver to Imelts, Flannerys or those high up GE bosses house. But I got my order in for a faimly of 5. To bad they don’t pay nimo but at least we have candles.
Insane amount of feedback sharply criticizing GE Leadership, Culture and fabrication of Misleading financial numbers, and secrecy. I think Jeff Immelt and his entire staff contributed to this massive miscalculation and misrepresentation should be... read more
Brace yourself. April Layoffs are being discussed as an option due to continued financial challenges and lack of sales.
Company looking to unload its light bulb business https://www.local10.com/money/how-decades-of-bad-decisions-broke-ge
Every industry is in full scale decline now. Every single one. So bad that Americans apparently "have better things to do" than go to NFL games. Yeah, right, as if. No, everyone's either being laid off, losing hours, or seeing layoffs and it's... read more
How many are still Dedicated in their current positions? How many are seeking employment outside of the General Electric mess? How many more employees are going to be effected in a negative way because of this mess? How many General Electric... read more
We are witnessing, real time, the not-so-slow bankrupting of an American icon GE by the European business model because GE stupidly bought an enormous, bankrupt, bloated, corporate welfare state called Alstom. GE buying Alstom was like a cheetah... read more
Force Predix down the throats of existing customers instead of trying to make a marketable product. GE’s strategy is to attach this overpriced flawed product to customer contracts in Power. Not only does this make Power less competitive it increases... read more
When GE first started, it was a high tech company alot like Telsa, Apple, or Google is today. GE didn't follow trends....GE created new products and whole new markets that didn't exist. Edison created the light bulb. GE installed turbines to power... read more
What is the mission of GE? Flannery (nor anyone of his predecessors) has been able to clearly articulate the company mission. Being a digital industrial company is simplify classifying it as such. What I want to hear is what is it that drives GE and... read more
Watch the movie; it looks like a GE flashback!!!!!
GE seems to love it's leadership programs, and I think they will be the last thing cut from the budget. But are they good for business? Bringing in people with little or no outside GE experience and creating clones to feed the food chain instead of... read more
After the showing at the broadcast, the Board needs to start looking to replace these people. Along with that, take the top four from each business segment, and the top four from each plant and fire them. The Board really needs to look at pursuing an... read more
No new contact now or in near future. What are these guys and the leadership doing over there other than wasting corporate resources.
Just saw the CNBC interview and it seems Flannery was more interested in stating how good he is. He spoke about his track record as Healthcare CEO (he started to say the same thing the second time but changed his track realising how desperate that... read more
JF ..is going make some serious coin...gee this is surprise. https://www.investors.com/news/why-general-electric-shares-are-rising/ Let's see if Seeking Alpha will change its tune as well. The money this a$$ clowns make is ridiculous. You have to... read more
A fool and his money are soon parted!
What a shame and To bad. It Use to be a great place to work. To build a good standard of living. To be able to be a good member of society and provider for a persons faimly. I here now that the young college management are so afraid to lose their... read more
........SCREW THE WORKERS AGAIN GE. NOT MY FAULT IMMELT AND A FEW OTHERS RAN THIS BUSINESS IN THE GROUND, YET, NOW WE THE AMERICAN WORKERS, PAY FOR IT IN THE END! THE AMOUNT OF MONEY YOU PEOPLE MAKE IS RIDICULOUS. U LEGALLY ROBBED THIS... read more
I heard a rumor that the layoffs at Siemens are Alstom's fault.
Tic toc tic toc tic toc tic toc tic toc tic toc see what the good old Flannery Stokes comes up with.
https://youtu.be/6SRyhoDXOco Copy and paste link
everyone that had to re interview are waiting to hear if they have a job. Nobody gives a hoot about GE.
400 jobs California. 400 Austin. 400 Schenectady? what else is going on?
It is suggested in CNBC that the former CEO should be invited at least temporarily to join the board to fix the mess at GE. I am all for it. Great idea.
Man..these folks at SA are like CNN to Donald Trump. F_cking everything they post is negative on GE. Talk about conflict of interest concerns, or more likely shorting the stock ...or what. I get GE is a sh_t hole to work for that is why we post here.
Why are these "leaders" laughing like mental patients? GE is sinking, employees are worried about their futures. Capital allocation?? Come on..this is about workforce reduction. stop the spin. And if that new finance lead say "reset" one more time...