Calling back 48 that were still laid off and hiring an additional 100 from the street
Topics regarding layoffs at General Electric Co.
Leaders. Listen to the man! We need you now! https://www.linkedin.com/pulse/my-journey-leading-ge-jeff-immelt/
There is little left until the earnings report. What do you expect?
Cuomo: Port of Albany among country's first wind tower manufacturers! I guess so long to many jobs in Schenectady!
Schumer urges GE to make wind turbines in Capital Region Albany Times Union Paper How can GE turn down fed tax credit if they make green turbines here. With all the rubles of layoffs that started last year I think it’s about to happen and how deep... — read more
Make New York the global leader in green energy From the NY governor. More than expected layoffs on the way in March 1 2021 (3/01).
Is GE was set to be purchased by Chinese conglomerate?
Power and renewable energy I'm discussing these segments together because they are both businesses in turnaround mode. Simply put, CEO Larry Culp is trying to improve margins at both businesses and get them back to generating FCF in a couple of... — read more
Tusa may be too hard on GE but he is correct. Nothing has changed in GE except still moving money around only now legitimately. No revenue generation and nothing with acceptable margins. Culp should continue to eliminate the Executive ranks and save... — read more
No spring or even 2021 layoffs in Schenectady NY. Thats gotta really bum some out! Great news for all those that like to work and collect a paycheck!!
the board decided that “any such litigation would not be in the best interest of the company and its... — read more
https://briefingsforbritain.co.uk/the-costs-offshore-wind-power-blindness-and-insight/ https://www.zerohedge.com/markets/blain-will-green-economy-trigger-next-meltdown More layoffs in the future?
I know pretty much everyone is hoping for a turnaround in 2021, but let me tell you why that's an impossibility. Currently, there are literally millions of tenants, retail, residential, office, who are seriously delinquent on their rents, and are... — read more
Larry's stock price goal lowered and bonus raised. He is just as greedy as two jet. It always has been about the money for him and the cronies on the board of directors. They will just ask the employees to give up jobs so they can get what they want... — read more
Will it be brought up at the next Local 301 meeting along with other wacked-out concerns? Just asking.
Please take care to not flirt (calling others cute) on this site. Please keep it all business.
And yes, their favorite way to save money is by laying off employees. It's a shameful short term fix that winds up costing company more in the long run. I wonder if they know about any other way? More than half of global layoffs will be in US. And it... — read more
Equity raise would hit stock price.
Bloomberg write - up questioning board decision to lower the bar for Culp's payout. All those who criticized how I Melt owned the Board can now jump in on Culp. GE clearly demonstrates the need for separate CEO and Chairman roles as the saying goes... — read more
It has been announced the GM of this new GE business that has really taken off, is leaving! He admits he is not the person to lead as the business goes full steam ahead on production of a new stage 1 gas turbine blade production. The only place in... — read more
Hot Seat: What I Learned Leading a Great American Company by Jeffrey Immelt Available pre-orders now accepted at Amazon and other retailers for shipment in February. Very exciting to hear from GE's greatest visionary leader. Some notable... — read more
Anyone else think that gas power ceo award was a complete waste of time and b—s—? they don't care about the normal employees, just the high profile leaders who take credit for everyone else's hard work
GE leadership defined below. RIP to the many employees who took it on the chin with layoffs. "WASHINGTON, Dec 9 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday that General Electric Co(GE) has agreed to pay a $200... — read more
Schenectady is an ancient t–d that has been stuck to the foot of the GE boot for a long time. Sc-ape it off on the nearest curb as soon as possible and move on toward breaking things up. Any salary or union employees left in 273 must be the very... — read more
Starting on Wednesday, 02-Dec-2020, wholesale layoffs began at the Windsor location. No numbers yet, but it wasn’t a ‘deadwood’ layoff. Many, many prominent names & positions are out. Small skeleton crew left to support existing few projects... — read more
The membership had the chance to get a clean break, a fresh start with their votes. Some decent challengers put themselves out there to be elected, answering the calls for change. Yet those votes went to “More of the same”.At this point the chance... — read more
Funny to see the posts here and the the replies concerning the Election of Officers down on Broadway. All the promises of change but – by whom ?? With the only real exception of the BA that was replaced by a temp - who's now in charge - again - by... — read more
As we wait for the polls at local 301 to open, there is so many unanswered questions. Was there a legit election cmte appointed in Jan of 2020? Will any elections held in 2020 hold up in court? Does the term constitution and bylaws mean anything to... — read more
Remember the good old days when you could be proud of your job? I miss it. Watching this company fail more and more each year gives me no pleasure. On the contrary, it makes me sad to see all that potential squandered away by people who have no place... — read more
https://www.aol.com/news/former-executive-faces-prison-time-172833503-185335444.html Security and Exchange Commission should apply the same logic to prosecute I-Melt and his top deputies to throw the bstds in jail, for misleading investors... — read more
Original Sept. statement printed on 10/12/20, handed out at Oct. meeting, it was “pieced together too quick.” YTD in both columns. That was the excuse. New version just handed out, printed on 10/26/20. YTD is Oct’19-Sep20, the numbers printed on... — read more