When is Culp going to fire the CFO and everyone else who got GE involved with re-insuring these cancerous long term care policies?... read more
Topics regarding layoffs at General Electric Co.
IT, Global Ops, etc. when will these functions get crushed and distributed back to P&L's?
https://www.ge.com/power/ge-nyt-sights-sounds-power Remember this article the NYT ran to promote GE Power's Grid Solutions in South America? Silence was the sound of the grid there this weekend. Another p---ed off customer after the latest bollocks... read more
It is high time. If the trend continues, this company will go to the dogs with it's current culture of sycophancy and rotten thinking. GE needs to start reevaluating it's workforce (who were promoted just being in leadership program) and if found... read more
You know, that nearly forgotten time when we actually used to like working here and thought it was a good place for other people to join as well. These days, all I do is warn people away if they are even considering GE as a possible workplace. How... read more
I follow most of the commentary on this site and have to finally express my thoughts. As a lowly T-Rate laid off almost a year ago I find it a bit disturbing that some find it appropriate to disparage the T guys for their lack of value to the... read more
Thoughts? The vitality model of former General Electric chairman and CEO Jack Welch has been described as a "20-70-10" system. The "top 20" percent of the workforce is most productive, and 70% (the "vital 70") work adequately. The other 10% ("bottom... read more
The problems I have seen with "one piece flow" is when one piece in the flow process is missing ( machine breakdown, worker absent, consumable shortage, etc.) The whole process is shutdown. The theory looks good on paper, but not too effective for... read more
They are coming up with a way to cut more heads and justify it with the union and public. The one piece flow will slow down production so much that the company will have to layoff more members. The plant will be operating with 250 people at most... read more
One Sunday in March, Gary Wiesner, who runs General Electric Co.’s wind-turbine-blade factory in Pensacola, Fla., received something he’d never gotten before: a personal email from the CEO. H. Lawrence Culp Jr. wanted to know if it would be OK if he... read more
The United Technologies Merger With Raytheon Could Be Bad News for GE https://www.barrons.com/articles/united-technologies-merger-raytheon-general-electric-51560188754 If paywalled, try: https://outline.com/WDhtV9
About $180 billion of General Electric’s market value has evaporated over the past four years.(AFP/GETTY IMAGES/FILE 2016) Health care. Wages. Retirement. Sounds like the standard mix of concerns for union negotiations, right? Well, Jerry Carney has... read more
Right before or after the contract and if the contract leans towards the d rates again you know more union members are going to get walking papers. Get ready for another beautiful contract for The Schenectady Union members.
Once I get laid off after this next wave of layoffs to hit SCHENECTADY. I will never work and pay union dues again it is a complete joke. No job security, no equal work for equal pay. Many employers now a days offer the same as GE. Cr_p healthcare... read more
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ge.com/unionnegotiations&ved=2ahUKEwjLrNCfkd_iAhVDUKwKHds6AggQFjAAegQIAhAB&usg=AOvVaw0Gp_TbpZiSpWN8bI0Ghkmv Read these updates and remember how much the company is paying it's... read more
https://phys.org/news/2019-06-pressure-mounts-aviation-industry-climate.html Banning jet engines to save the planet? Sounds like a perfect storm for GE, if it takes the sparkle off the Aviation business...
The union is negotiating a stellar contract and is fighting to bring back the laid off members. Rumors have it we are getting a $5 raise and great healthcare plans. Has anyone herd anything about the contract talks?
General Electric is a company with prestigious past and no future. Instead of being industry leaders that we once were, now we are simply an aged colossus eating itself. Honestly, nothing good can come of this. Anybody who puts any faith in... read more
The Power Business Is Losing Steam J.P. Morgan’s Stephen Tusa first pegged GE stock as a ticking time bomb back in May 2016. Recently, he’s offered critical thoughts about the power business and how the company was handling the division’s actual... read more
Posting mentioning names of senior executives of the company should not be taken down. These people are a part of the problem and have taken a blind eye to the destruction of the company for years
Bearish General Electric (ticker: GE) analysts won’t stop worrying about management’s ability to turn around the company’s ailing power division. Now, they are focusing on potential China-based power competition .JPMorgan and Gordon Haskett both rate... read more
Paris (AFP) - Investors in General Electric, once one of the world's most valuable companies, lost tens of billions of dollars after the Paris climate deal as it failed to adapt to the pace of the green energy transition, new analysis showed... read more
Either way my wife makes over $200,000 a year I’m all set are you? I just come to work for the entertainment and the circus show. The greatest show is those managers running around like clowns in the big top and the union officials saying this is... read more
With all the money spent on people in finance, systems and data crunching they should know. Just another case of too big (and will fail). GE has never been numbers focused as it has never been able to get its arms around all the data flowing through... read more
Well I am sure that what the company proposed to our members was something like this. No Job Security -No $5 Raises for all T Rates No Free Healthcare -No 401k match Less Paid time off -Less head count reduction if the union accepts The ABA didn’t... read more
Hopefully my facility gets first dibs on the layoffs because I am sick of doing nothing all day and getting paid for it. Trying to find something to do so I do not get in trouble. Is it the same in Schenectady? I have read on here that Schenectady... read more
GE says French plant set for layoffs will not close down and that they saved 15% by switching to GEICO
PARIS (REUTERS) - A General Electric (GE) factory in eastern France where the U.S. group is planning job cuts will not close down, and the firm is looking into alternatives there including building aeronautical parts, GE's French boss said in a media... read more
Why doesn’t the ceo notice the problems here? Starting with CEO salary and bonuses! Salary pay from the top of the chain down! The Hourly union workers get the shorter straw every time. The skill and experience and dedication that was developed at GE... read more
Well I think CEO is about to make some major moves in Power very soon— I could be wrong but it does not look promising at all. GE's power business has been losing money and is the top priority in Culp's efforts to turn around the company. "No... read more
Can someone explain in detail what the poster meant about setting up corporate to file bankruptcy and how it was related to GE Transportation and Appliance spin-off to Wabtec and the Chinese. How does that affect the pension GE owes me?? I’m confused... read more
I think there is some bad info being posted here about the PBGC. They have a max rate they will guarantee per month and it depends on your age. Also, it appears that a surviving spouse would only receive 50% of the pension, GE's plan let's you chose... read more
And soon in Greenville and those union slugs will get played again by the corporate greed club. France is first up, next Here in Greenville, then upstate ny will get played again and loose more. Greenville has no work? Schenectady has a full year... read more
Most GE managers are NOT managers, they just know how to make power point slides. A manager hires good talent, develops them, and advances their careers. So the managers career can grow also. Very few GE managers do any coaching or mentoring of their... read more
Trian Fund Management disclosed that it has sold about 9.4% of its General Electric stock investment. Trian subsidiaries sold 6.66 million GE shares from May 22 through 24 for a total of $64.2 million. They know sumpin' we don't? Originally posted by... read more
Et voilà, juste après les élections. Quelle honte. Patrick Kron en prison. https://finance.yahoo.com/news/general-electric-planning-cut-around-101930593.html
Or is that not one of the requirements when hiring? I mean, if you are going to skip GE people who have plenty of experience DIRECTLY, the least you could do is make sure that outside people you bring in have at least a portion of that experience and... read more
I am beginning to think this CEO is little slow in executing. Keep saying again and again Power division has big problem. Of course it has, everybody knows that. Big investors are getting rid of GE stock. The last CEO got fired for being slow. Hope... read more
I took some time to listen to the presentation of our beloved leader at the latest Electrical Products Group Conference. You can listen to the recording here: http://wsw.com/webcast/epg2019/ge/ Three things jump out of this presentation: First: Power... read more