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Topics regarding layoffs at General Electric Co.
General Electric's already awful performance just got worse. The struggling conglomerate plans to restate the last two years of results, it said in a filing on Friday night. GE (GE) said the restated results will slash its 2016 profits by about 13... read more
I saw somebody post that GE was hiring for Schenectady. I thought it had to be wrong but I looked and jobs showed open. What is going on? Gesteamturbinegenjobs.com
A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies.... By Thomas Gryta, Joann S. Lublin and David Benoit Feb. 21, 2018 11:37 a.m. ET 494 COMMENTS Jeffrey Immelt, the longtime boss at General Electric Co... read more
GE power should shut down in Germany, Switzerland, UK, etc. Move all the jobs to France - the only Country with good engineers and skilled workers. Vive la France!
Got to admit JF has become a better communicator since the first (laughing) all hands. But i believe he is the same person he has always been. He could not wait to get out on the road around the globe to stroke his ego, very much like Jeff. Based on... read more
I see so many of these posts and my first thought is, "If you left a year ago and are happy, what are you doing hanging out on GE's layoff board in the middle of a workday?" If I left and was happy, I'd be far too busy and engaged in my new job to... read more
Going on all across the nation as of the past year or so. It isn't just GE folks, if you doubt that, take some time and read this site's "Latest Posts" where you'll read many, many stories of stressed out workers at companies in every industry... read more
How does GE expect us to be productive when we all know there are a minimum of 6,000 people left to be laid off? Who thinks that working with an axe hanging over your head is a good motivator? Maybe for some people, but for majority it's just a huge... read more
http://www.power-eng.com/articles/2018/02/ganesh-bell-named-uptake-president.html Way to go....He found a new victim to draw blood from...
Multiple reports from salary that the writing is on the wall and been through this before. Hinting of a big plant reduction or plant closing. Any truth or speculation to this?
Any rumors on the upcoming GRC reorg?
http://fingfx.thomsonreuters.com/gfx/editorcharts/GE-POWER/0H0010LE09K/index.html Solar and Wind are less expensive than gas turbine power production. Many gas turbine plants are being mothballed. The Alstom purchase added factories and 65,000... read more
When the Seniority Lists get posted, look at all the Pay #s that are higher than your Pay # (do not look at the lists of Fabricators, Xray, TBC sprayer, Waste Treat, Maintenance). Count how many have less seniority than you, then you basically know... read more
No sign of my severance that my signed agreement said would be paid within 3 weeks of my final day of work (Jan 30th). Payroll center says they don't have my release agreement after sending it 3 times, on my termination day of work, and twice... read more
Now they are creating a new business unit, see below. Talk about more write-downs. This is how GE is going to meet their numbers for 2018. Here is transcript from Qtr 1 , JF " GE power will take significant write-downs in power division" blah, blah... read more
Ge got the state and Greenville county to build the center for manufacturing technology and put a few classes of Cnc operators through then lay them all off! Good way to get the good ole taxpayers again.
Early 2017 it is hunky dory, but just a year later, GE has been declared an absolute mess. There exist a group of people to make sure such sudden shocks do not emerge from within the system. Ofcourse I am talking about the much-hyped CAS folks. What... read more
It was all doom and gloom. It was so bad I could not believe it - Barron's so middle of the road (I am a subscriber for 15+ years) and they do not trash companies easily. Anyhow, they've titled it "General Electric’s Dim Prospects" (link below) -... read more
GE is into data analysis these days. Check out this site that gave GE 51% probability of going bankrupt in some form or other. Anyway it has some interesting info even you don't believe it will happen... read more
There is a ton of fear now in Greenville - what are you guys hearing?
So I happen to be chatting with a pretty high up GE resource over the weekend. We obviously voiced our disgust with GE and the current leadership. As a former employee that dumped all of my GE stock I did not have too much nice to say about the... read more
Plant meeting was today. There will be a 20% reduction in hourly employees. Right now, they are asking for volunteer resignations in return for 12 weeks severance pay. After that, layoff will start to reach the 20% target, which is about 200... read more
I got laid off after a year and a half of running around for this company. Being harassed by management to do more to save our jobs. How well did that work out? In a way I’m glad I am out of GE in upstate NY I took all my iea benifit in one lump sum... read more
What plants will GE sell? See a lot of BS on this sight. Does anyone know? Does GE know? I think stocks will dip to around $10 a share. Agree?
GE cost cutting targets were created before the stock market wiped out over $100 Billion in GE value. The $100 Billion market value loss, $6 Billion insurance surprise, $34 Billion underfunded pension, and the continued decline in the Gas Turbine... read more
Of course, no announcement. Saw it in the local paper. I believe the number was 42. I think that leaves about 200 hourly heads in Salem. Just a matter of time before the site shuts down. You would think GE would be responsible enough to announce to... read more
For those reading this website as part of deciding whether to hire in to, or remain in, GE. are there parts of GE that are still safe to call home? Here is how I see it? What do you think? GE Aviation: Overall healthy, well-managed. Acceptable GE... read more
With the announcement that GE is selling Jenbacher and Waukesha it seems that the only option JF has is to sell non core business. I work for Aviation but at Unison, so I think it is highly likely that my unit will be sold. Any other Unison person... read more
GE gas turbine Greenville is eliminating over 200 hourly positions. Mostly in the upper peer Amachinist scale. Get there is a News blackout, nothing anywhere. How did they do it?
Exclusive: GE exploring industrial gas engine business sale - sources https://www.reuters.com/article/us-ge-divestiture-exclusive/exclusive-ge-exploring-industrial-gas-engine-business-sale-sources-idUSKCN1G100D (Reuters) - General Electric Co (GE.N)... read more
Shareholder lawsuit says the GE concealed insurance shortfall, SEC probe Feb. 16, 2018 2:24 PM ET|By: Carl Surran, SA News Editor General Electric (GE +1.2%) is sued by a shareholder who accuses the company of concealing mounting insurance... read more
When will they finally announce the official layoff numbers for Baden, Switzerland? According to latest info all the work should be moved to Poland.
What does it exactly mean for the current employees there?
Bigger changes in the mix in the near future! I saw 20-30% reduction in blue collar jobs will be eliminated for Greenville. Along with a 20-25% blue collar reduction in New York blue collar work force in the very near future. The stock holder wants... read more
Who has a number to how many hourly positions will be cut tomorrow at our all hands meeting ?
In Salem SERO 55/25 and 60/15 was offered to hourly today. Hearing it may be offered to all Power hourly.
http://www.crainscleveland.com/article/20180215/news/152106/general-electric-strikes-deal-sell-portion-ge-lighting General Electric has agreed to sell a portion of GE Lighting to a company led by a former GE Lighting executive. GE has agreed to sell... read more