GE plants and hourly workers before tier wages and after tier wages changed for the worse. It decreases worker and management morale, lowers plant production as workers do not work as well together, and destroyed the strength of the union for each... — read more
Topics regarding layoffs at General Electric Co.
He Stocks are jumping Culp is getting the job done. “More cuts to power on the way”. Look out Schenectady
Feds didn’t like what they saw during the audit and decided to go back and look through years of finances. Certain people are sh–ting themselves right now. With any luck this will break up 301 and the company’s marriage. Which one of them will sing... — read more
The Sith Lord will break The 301. For they will be broken after this reduction and restructuring and the dark side will finally win in Schenectady. The empire will over power and crush the rebellion union scum after this next big wave of job cuts in... — read more
Schenectady NAACP calls for school layoff freeze ... SCHENECTADY — The Schenectady NAACP chapter on Wednesday called on the Schenectady school board to freeze any new layoffs and to begin reinstating... — read more
Culp is getting it done.
They are doing the next rounds of lay offs right now, all over the country. No news on how many total. And you all think GE is special, and no going to do the same?
We were told we pay property taxes on 336 Broadway. We were told we owed back taxes from 2014-2017, even though we paid “Rent Escrow” (which, as of August 2019, is being called Highbridge Tax) each month during those year. Luckily, a few of us saved... — read more
The GM was in Hooksett saying all the people will be brought back, plus 200 more, and the work load will be at 2018 levels. The whole industry is in the toilet, and this is what he is telling people? Next week will tell a different story from what... — read more
When is it?
$95 billion top line year after year... Best operational management in industrials... Period. Massive jet engine manufacturing tailwind 2021 to 2025... Tripling of revenue from renewable energy technologies by 2027... Doubling of revenue... — read more
The SEC has been conducting an investigation of GE's revenue recognition and internal controls over financial reporting tied to long-term service agreements. It had expanded the scope of that investigation in 2018 after disclosures tied to GE... — read more
Bet a bouncing paycheck that GE will be a penny stock by the end of the week!
Just announced changes. Look for GECAS, NALH and the Power Portfolio to be sold shortly soon. DJ is not there as an operations man he is there to exit businesses. Kudos to diversity and rewarding RS for one thing and one thing only.
Culp has been CEO for 2 years now and what has he done other than follow through on the divestitures that Flannery started?
Buy me a t-shirt with my own money. Give it to me right before elections, act like it’s a gift. Classic. Predictable as ever. Always keeping it classy on Broadway. Seriously though, couldn’t we upgrade to hoodies, maybe sports coats?
It’s only a matter of time before being caught. The UAW is proof. What is going on with our Union? Why isn’t the audit complete after 10 months? That’s not the norm. Why is it taking so long? Why isn’t the Union keeping us updated regarding the... — read more
GE is closing its Pittsburgh Learning Center which trained GE shop and repair services personnel for steam turbines and generators. More people being laid off at that location. I guess GE doesn't care much about training its people any more. OR... — read more
Folks, we pay over $12,000 each month in stipends and Highbridge. Speaking of Highbridge, has anyone ever seen the CURRENT SIGNED LEASE AGREEMENT explaining the EXTREMELY ODD TAX SITUATION? As a matter of fact, has anyone seen an original bill from... — read more
GE is so far gone that no amount of changes in leadership or re-organisations or realghiments or shakups are going to help. GE is a once giant that has been cut off at knees and will never again be able to stand straight. Expecting that some grand... — read more
All have what in common?
Waking up to a story of a potential shake up at 301. Seems there’s gonna be Some challengers , looking to finally remove the current Company Rope Smoochers from their positions, a much needed & over due changing of the guard. Seems the membership has... — read more
Reuters) - General Electric Co (GE.N) said on Monday it plans to stop making new coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. The company, which also makes aircraft engines, said... — read more
Definition of Sweetheart Agreement: an agreement between an employer and a labor union on terms favorable to the employer and often arranged by a union official without the participation or approval of the union members. We were warned by the ones... — read more
Good News for those still employed!!!! Maybe the layoffs will stop after all the damage created, GE CEO: Worst is behind us, momentum building "Shares of GE have been battered this year, down nearly half from the 2020 high, as the... — read more
Does anyone know if the new boss knows that certain company people and certain 301 people had (possibly still have) a very close relationship, extremely close relationship? Some would call the relationship inappropriate, others would call it illegal... — read more
The name of the site says it all: fool.com/investing/2020/09/16/why-i-just-bought-more-ge-stock/
Until March 2021....... The demand is high the jobs are rolling into Schenectady tons of OT scheduled for months to come. Keep up the good work 301 let’s save a T Rate Job in 2020
Some 436 highly qualified jobs are affected by General Electric Corporation’s precipitous decision to pull the plug on its facility in Switzerland. The jobs will be moved to India, China or Italy or even worse to France and the level of quality... — read more
So local 301 has a board meeting yesterday, and very little chatter today about it. Enough Generator work to keep everyone busy thru March 2022, steam work through next spring of 2021. Why isn’t this being blasted through out our membership? Adding... — read more
According to a plan leaked by French unions, GE Renewables will cut over 750 jobs in France in the coming weeks. At least 600 jobs would be cut at Grid and 135 at Hydro. And the Hydro workshop at Belfort would be permanently closed. It's all over the... — read more
I got the letter in the mail but it didn’t say anything about severance or have anything to sign I have to look at it again. Is that for full time or part time people? Sorry I’m a little confused..
Seems the stock price is slowly slipping to penny stock land.....thoughts?