Businesses for sale or recently sold as part of the $20B in asset sales. Current and Lighting... Europe, Middle East and Turkey along with Automotive Sold in Q2. NA/ Asia Pending to find a final buyer. Industrial Solutions... Expected to close in Q2... read more
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Topics regarding layoffs at General Electric Co.
Bloomberg News April 20, 2018, 1:40 PM EDT General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail equipment maker Wabtec Corp., according to people familiar... read more
GE released its earnings this morning. Apparently beat expectations and showed good strength in its businesses. Do you believe the numbers that were released? Why would anyone with all the prior news related to poor internal controls and systems that... read more
Is this the end of road for Bill Ruh? " A smaller G.E. might not need a stand-alwone digital unit. Some analysts recommend putting all the software in the industrial divisions, like power and aviation, closer to customers. “San Ramon shouldn’t... read more
Why Is pushing what orders we have left out the door. No regard for quality, cell leaders are pushing quality staff to let stuff slide in final assembly. What trademark stamp will this leave for the NY plant? To get as much work done before the mass... read more
More layoffs to come soon because of earnings shortfalls Will hit both Greenville and Schenectady Union is irrelevant, its the balance sheet that counts and GE just isn't cutting it Too many facilities, with bloated management, Atlanta and Alstom... read more
Delta Airlines Jet Fire... Is this another GE Engine?
Reliable sources say a 27 unit super deal is in the works for a German Country Liechtenstein. Liechtenstein likes GE Power products and reliability over Siemens products. This deal will be finalizing very soon. This deal will save GE Power’s... read more
GE’s Power Management staff couldn’t manage a pile of dog waste out of a brown paper bag. So Sad. Then they try to blame the workers on the floor The good old fashion pass the buck routine blame someone else for your mistakes! Harassing badgering of... read more
Johnny come lately Flannery will need to make some more sweeping tough decisions this year. Cash flow is going to look like crap for first quarter. At some point he will need to reduce dividend again. Maybe he should just get this over and generate... read more
No work in building 10.No parts.Temporary lack of work given.Expect layoff notices soon.Many management leaving.
GE power numbers are horrible and earnings and cash fl0ow dropping another 88% over last year Two decades of bad management and what power has become under this is the reason GE Power used to be a real cash earner but now cant make money with present... read more
Hopefully Flannery and Stokes will pull the plug on the Schenectady campus once and for all. The electric city is doomed! Those self inflated ego driven management staff of the past 2 years broke down the union with deception, lies, and harassment... read more
A Southwest Airlines flight was forced to make an emergency landing in Philadelphia after one of its engines suffered a major mid-flight failure. The failure, which caused the front of the engine to disintegrate, sprayed shrapnel that penetrated the... read more
Glad I retired but I know a lot of union and salary employees and they all say the same thing. LAYOFFS! 2 more waves of layoffs coming the first was in January the second is in Late May and the third is in September.
There will be layoffs every year that GE exists. There, that should take care of 50% of these "When will there be layoffs?" posts. You're welcome.
GE just restated earnings and stock dropped as analysts say GE Power expected to have another earnings shortfall. This keeps on happening because GE is pushing overly ioptimistic estimates rather than telling the truth More job cuts to come soon when... read more
GE is sending all your work to the Alstom facility. Massive layoffs and e coming to GE Power in the states. GE didn’t purchase Alstom for no reason.
Does anyone union or non union know when the pink slips are coming? Rumor has it 175-300 for NY and Greenville combined. Any truth to this statement? Does anyone know?
HR and new plant manager and staff Held a meetings and conference call Thursday till about 8pm to figure out the layoff plan and to finialize the headcount. It was upon analyzing the job scope for the next 2 plus years that a mass layoff must take... read more
The rumor is May 11th for layoffs in local 301 in Schenectady. The new plant manager, who begins 4/30 needs to review the numbers and then execute it. How many layoffs and in what areas?
Taken from the official Document. " The effect on our statement of financial position was principally comprised of changes to our contract assets, inventories, deferred taxes, deferred income and progress collections balances resulting in an $8,317... read more
Management keeps claiming GE Erie layoffs will not happen and that media got it wrong. Should we believe them?
I believe GE is more than capable of this. I hope he wins. A former General Electric Co. worker is suing the company, claiming the company withheld his severance payment when he was laid off from a local locomotive parts repair facility in late 2016... read more
I made $230k with some nice bonuses and was at work half the time. GE is the best job ever. They make THEIR GREAT products and treat their employees like GOLD and set them up to succeed in life for the employees families. Great healthcare plan too I... read more
https://www.livemint.com/Companies/Lh2BIlP0j69L5SzlbRdGuN/GE-puts-technology-at-the-core-of-innovation-CTO-Vic-Abate.html GE puts technology at the core of innovation: CTO Vic Abate General Electric CTO Vic Abate on GE’s tech strategy, Industrial... read more
Heard GE may squash drug testing. They would save millions. Medical cannabis is sweeping the nation and in legal states iy should be an option to addiction. Thoughts?
GE Explores Hybrid Deals, Spinoffs in Strategic Review Rather than asset sales, GE weighs merging units with other public companies; an IPO or spinoff for transportation division is near By Thomas Gryta , Dana Mattioli and David Benoit April 12, 2018... read more
At The All hands Meeting it was announced that the company is going to keep 400 workers in NY and ship the rest of work to Greenville, and other capable facilities. Was informed that the plastic ware is on its way. Sporks will arrive soon to save... read more
What was said in Greenville all employee this morning ? Layoffs? Bumping papers given?
The grenville break room cant even afford to give us plastic forks! Sad times !
This will determine how many employees are laid off.
GE Power is dragging down the entire company because of decades of bad management Bloated beauracracy increased head count from 32,000 to 65,000 employees where they are now making less than 30% of the steam and gas turbines they made a decade ago... read more
Things have been quiet. What is the truth? How many are when?
Any new new set on the postings from a few days ago on this development?
Lets see how this goes, at least he knows something about manufacturing which is more than McCormick knew.