General Electric Co. Layoffs

Topics regarding layoffs at General Electric Co.

Safe GE Pensions

The understanding is that our pension, because of the way it is set up, is guarantied by the Fed up to $5K a month. That being said, if they file chapter 11, they can reduce our amount, and the amount of the reduction will be just gone. The Fed... —  read more 

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Post ID: @10GxRdsc

A Manufacturing Recession Is Here. Now What?

Just in time for all these call backs GE Power is doing in NY. Here in Greenville not so lucky. https://www.bloomberg.com/opinion/articles/2019-08-23/trade-war-manufacturing-recession-pressure-industrial-companies

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Post ID: @10GdD3ZS

Is it just me?

Or does any job sounds better than working at GE right now? Walmart cashier? McDonald's fry cook? Anything has a better ring to it than anything related to GE right now...

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Post ID: @10GX3vWb

Terms used to get rid of people

Streamlining Simplification Actions to simplify the organization Reorg Reduction in force Headcount reductions Chopping Heads or Cutting Heads Off boarding Non-essential employees Resource consolidation Workforce... —  read more 

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Post ID: @10G8cV96

GE needs to hire more buzzword generators

The past ones just didn't do the trick. GE needs to concentrate on the "low-hanging fruit" GE needs to stop trying to "boil the ocean" GE managers need more "bandwidth" GE beliefs Customers determine our success. Stay lean to go fast... —  read more 

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Post ID: @10FIhH5h

Finally, Some Good News

A year or two ago it seemed GE was only one of a few companies going through hard times, and because of this, GE employees assumed it was just a GE thing. Some people posted here explaining that the problem was much bigger, as the first signs of an... —  read more 

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Post ID: @10F5G3Hk

Does GE still use EMS to fire people

I remember my so called leader saying that EMS was a tool to screw people's career. There were two EMS, one for the CASholes and one for everyone else. You could screw up big time and if you one of those CAShole, no one will touch you, maybe slap on... —  read more 

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Post ID: @10E3aJTJ

My Question

So the questions I have are this...If the current management wanted to right the course of the company, and prevent investigations such as the third party, the SEC, and government pension fund, and the class action law suit on the SSP accounts, why... —  read more 

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Post ID: @10BybQ0N

More job losses to come

My Fellow Constituents and Colleagues There will be more job losses within 4-6 months. Those who choose to stay for the severance package will have to wait in line after the company files for bankruptcy. Whom ever chooses to be blind... —  read more 

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Post ID: @10zlBvhT

Culp and Immelt jail time risk exposure: SOX reference

Here is the authority that could be used against either, if the whistleblower report is correct: https://www.sarbanes-oxley-101.com/SOX-906.htm. That's some stiff jail time. https://upload.wikimedia.org/wikipedia/commons/4/4f/Jail_Dictionary.pdf... —  read more 

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Post ID: @10zyWxtZ

Interview

https://finance.yahoo.com/news/ge-markopolos-accounting-211520428.html

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Post ID: @10zU4jc1

How many are leaving on their own?

Since the whole fraud report came out, how many have already decided to leave on their own before it's too late? I'll admit, I haven't been too active in looking for a new job because I figured if I'm laid off, I'll have severance to fall back on... —  read more 

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Post ID: @10zrMJDK

GE Survival Options?

We have $107 Billion in debt. We have $27 Billion in pension liabilities. We have no cash and we generated $15 Billion in cash over last 7 years. How will we pay off debt and take care of our liabilities?

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Post ID: @10zyXk5p

GE - A Bankruptcy Waiting To Happen

Markopolos: GE Is “Bankruptcy Waiting To Happen” It's unsustainable and it's growing." As Henry Markopolos readily admits, GE has reportedly been playing fast and loose with its revenues for decades, which is why thousands of analysts were... —  read more 

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Post ID: @10yY6HxY

File this under clouds and silver linings

Larry Culp got to lower his dollar cost average on his now ~$10 million in GE stock thanks to today's short report. Reference: https://www.sec.gov/Archives/edgar/data/40545/000123120519000165/xslF345X03/edgar.xml

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Post ID: @10yUAscZ

Happy Days Are Here Again !

Contract finalized so now watch the work flow back to Schtdy. Can’t wait to get be called back and be welcomed with open arms by my Union Brothers- just to pad the coffers at the Hall!! Just loved being treated like a second class worker!

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Post ID: @10yAuux9

Chair of GE's Audit Committee Responds

GE director Leslie Seidman, chair of audit committee, comments... https://www.cnbc.com/video/2019/08/15/ge-director-leslie-seidman-comments-on-fraud-accusations.html

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Post ID: @10yFW22k

2019 GE Bankruptcy Threads

See @WCr9ME2 and @XvNFW9d Also see this: Madoff whistleblower Harry Markopolos: GE is heading for bankruptcy https://www.cnbc.com/video/2019/08/15/madoff-whistleblower-harry-markopolos-ge-is-heading-for-bankruptcy.html

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Post ID: @10yl1GFV

GEnron

The “GEnron” Playbook [https://www.gefraud.com/] GE has been running a decades long accounting fraud by only providing top line revenue and bottom line profits for its business units and getting away with leaving out cost of goods sold, SG&A, R&D... —  read more 

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Post ID: @10yGDLts

GE Global Research Center (GRC)

GE is a failed company, rotten to the core. Bad leadership, shoddy morale and horrible business ethics for many years are now taking their toll. GRC is at the core of all this. Hardly ever have I experienced such a superb assembly of... —  read more 

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Post ID: @10yWbsBZ

Horton Hears a Who

Today's news makes CtW's analysis about shareholder lawsuit risk (sent to Lead Director Horton) sound more serious: http://ctwinvestmentgroup.com/wp-content/uploads/2019/04/GEBoard-LetterFinal.pdf

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Post ID: @10yQbeuK

Eighteen Billion Needed ASAP

GE's insurance unit would need an $18.5 billion boost to its reserves The Wall Street Journal cited a research report from Harry Markopolos, which said he and his colleagues had found that GE's insurance unit would need an $18.5 billion boost to... —  read more 

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Post ID: @10ytOO0R

CEO Loses $330,000 in Stock Purchase!

A CEO of a major company bought 331,000+ shares of stock worth $3 million on Tuesday and shares have dropped $1 a share as of today so far. What vision this man has!

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Post ID: @10yMYLej

GE Is New Target of Madoff Whistleblower

Harry Markopolos releases report on GE’s accounting, claiming its cash situation is far worse than disclosed and GE needs to boost insurance reserves https://www.wsj.com/articles/ge-is-new-target-of-madoff-whistleblower-11565866617

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Post ID: @10yFymYv

Contract 2019

I'm so excited the contract passed. I really hope the company starts the layoffs in Schenectady soon so we can finally be a D rate shop again.

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Post ID: @10xhTNaw

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