I mean seriously. To be honest I’m a GE employee that doesn’t have a connection with that place, but as long as I’ve been on this forum, and I\ve been on it for quite some time, layoffs at Schenectady have always been mentioned. What’s going on... read more
Topics regarding layoffs at General Electric Co.
Talked to one of the new guys yesterday and I was shocked to hear him talk about this place as a great career opportunity. He honestly thinks he'll be able to build his career here. I can't believe there are still people who are that naive. How can... read more
Hearing of a few dozen at GEP, spread around various US sites.
There is a better life after GE! I got my walking papers and it was a blessing seeing the path that awaited. Now 1 1/2 years gone after my 17 years of white collar service and my life could not be better. My advice is to start looking before your... read more
I Melt keeps raking in the dough as employees get screw_ _. If nothing else he takes cares of himself. Crime does pay
That’s my general opinion, and I believe the same picture can be seen at other locations as well. People are jumping on any opportunity to leave the company even for a lower pay. Don’t really know how people can operate in such an environment, much... read more
Per GE Voices: 127 years ago today, the Edison General Electric Company and Thomson-Houston Electric Company combined to form GE -- and we've been changing the world and bringing progress and possibility to every corner of the planet ever since. Same... read more
Any word about that? Are some other parts of the company set to go for sale? Any splits, spinoffs, reorganizations? Does anyone have any idea what they are going to do next? It’s hard to think there will be more shifts sooner rather than later.
And I say that as a long time worker that seen good and bad times at the company. Layoffs are always on the table, the leadership looks indecisive in what direction they want to take the company in, parts are being sold and debt is piling up. It has... read more
There is a new Charlie Brown special coming out about his parents loosing their jobs at a manufacturing plant after is closed due to corporate greed and corruption. It is called “The Great Onion Patch”. The saga continues. This contract will be the... read more
Yet another game changer by the master of none. I Melt acquired WMC in 2004 and led the way to defective subprime mortgages. Wonder how much of his (and his cronies) bonus was jacked up as a result of those defective mortgages
Today it’s GE digital, but I doubt the layoffs will be restricted only to that business, but are a part of more massive restructuring efforts on the level of the whole conglomerate. I would like to get some thoughts on what part of the company is... read more
What happens when bureaucrats feel like they’re losing control.? Simply put let’s add more layers of approvals, meetings to discuss decisions and then let’s have another meeting to discuss the actions that just came out of that meeting so we can... read more
Don’t get blind- sided like so many of you seem to be as I read through these threads. Another massive layoff about to happen and if you think you’re immune your not unless... your on the Strazik “preferential” list. Consider the fact again certain... read more
I had just joined few weeks back and got laid off yesterday :). I saw the feed back on websites but i was so much blinded with GE that i didnt care about those and still joined. and now feeling that i have been screwed real hard. I know, even if i... read more
Restructuring or layoffs. Anyone else hear?
General Electric's pension obligations total $92B, more than the company's $80B market cap. GE has set aside $69B in assets to meet its $92B obligation, a $22B gap that sounds alarming, but the obligation comprises more than one pension and not all... read more
There is no unity in this thing called the legendary onion we are in. Look at unity combined job codes, we made concessions to keep work and jobs here, divided the onion and never gave t rates the support or backbone to better them. Now look more... read more
GE stock may be poised to crash more than 50% https://finance.yahoo.com/news/ge-stock-may-be-poised-to-crash-more-than-50-123144108.html General Electric shares take it on the chin following negative comments from two long-time analysts.
If I start a new job immediately after being laid off, does that in any way affect my severance? I know they can't expect us not to look for work after we are shown the door, that would make no sense, but I wouldn't be surprised if there was some... read more
More layoffs hopefully it gets to my 1999 seniority date soon. Between this onion we call a union and these clowns running this place like a 3 ring circus these days. It’s coming soon I can smell the 10lbs of t_-ds in this 2lb bag called 273. What a... read more
“First-quarter cash flow will set an important tone,” Gordon Haskett analyst John Inch tells Barron’s. Inch is bearish on GE stock with a $7 price target. GE burned through $1.7 billion in the first quarter of 2018. Inch worries that weak cash-flow... read more
Prior to the next earnings report (April 19th), what are your thoughts on the next thing that's going to be pulled from Larry's magic hat?
Spring cleaning sale for the plower division! Parts of GE Plower will be sold off that is why the CEO said by 2022 GE will be in a rebound stage on cash flow. IF Whoever buys the Power sections on this spring cleaning sale. At a discounted price to... read more
Never thought GE would even consider selling Nuclear. For years I thought it was one of biggest money makers for the Company. In the company's third-quarter earnings report, the first under Culp, GE announced it would reorganize the power business... read more
I imagine that spinning of Power in one piece or in portions won’t satisfy their thirst to gather cash and maintain a positive cash flow. So, in that sense this seems to be a sensible question. What part of the company is next after GE Power to be... read more
GE Is going to break up-spin-off Power segment's...They will create a company called SpinCo for this purpose.... The spin off will freeze the pensions, remove the majority of the contractual language with the union. Long service employees who think... read more
Well here we go again...T as most likely headquarters spending to much but as usual everyone who should be able to travel for meaningful network support are to blame. How about the world traveler Mr. Simpson who has racked miles in 1Q over what most... read more
Lots of nervous people again at GEHC. Leadership please get a long term plan in place, stop gutting the future.
https://www.orlandosentinel.com/news/breaking-news/os-ne-southwest-emergency-landing-orlando-20190326-story.html "There were no passengers aboard. Two pilots were flying to California when they encountered engine problems about 10 minutes after... read more
With the whole mess created by the selloffs and restructuring, I doubt they plan to keep the same headcount. So when could we see the first layoffs on an organized scale as a result of all of this, in the US? If anybody has any info or even some... read more
Four years after the takeover of Alstom's energy division, General Electric is reducing its headcount. After 700 voluntary departures negotiated, the group would consider a heavy social plan for the plant specializing in gas turbines. Excuse the... read more