General Electric Co. Layoffs

Topics regarding layoffs at General Electric Co.

Passing the time until something better comes along

GE is freezing the Pension, initiating Tier 2 pay, cutting benefits, and layoffs. Where's the investment in manpower? The old guard is getting old and leaving. The new will be whomever they can find. The old days people would feel like they've made... —  read more 

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Post ID: @12lQ9Oj6

The road to recovery

https://seekingalpha.com/article/4310095-general-electrics-shares-can-keep-rising-surging-2019

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Post ID: @12jL2aqX

Miller 2.0

https://www.cnn.com/2019/11/25/business/ge-cfo-carolina-dybeck-happe/index.html

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Post ID: @12csoOY7

Power digital layoffs

Heard there were layoffs in digital a couple weeks ago. True and anyone know how many poor souls were impacted right before the holidays?

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Post ID: @128B9YwM

engineering work

now with the 7HA03 wrapped up, and alstm h-e coming to an end, engineering work is getting thin. big-o wind too. Can anyone give a heads if other companies are hiring engineers? anyone know whats going on at florida turbt? i don't think pratt & rr... —  read more 

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Post ID: @127bDlWa

Will O&G CASholes be there in Baker Hughes

With BH taking majority stake in O&G, will there be CASholes (glorified financial analyst monkeys) run around the corridors as CFOs. Baker Hugh should stop all these stupid leadership programs, or select candidates based on merit.

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Post ID: @1259hC9Q

How is GRC?

Guys, I am currently negotiating an offer with GRC niskayuna for a SPB position and wanted to know if it is recommended to join? I understand there were some site shutdowns and layoffs 2-3 years ago and there is currently a funding model change... —  read more 

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Post ID: @125CucQp

GE Pension Buyout Not Enough

Is anyone else finding that the buyout offer is way lower and does not make sense to take? I am in my early 40’s. They are offering about $100K as a buyout. The age 65 monthly Pension is about $1,800 per month. Every financial company I... —  read more 

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Post ID: @121ZcFsz

Should He Pay It Back?

https://www.forbes.com/sites/jimosman/2019/11/12/former-ge-chief-jack-welch-should-pay-back-his-417-million-golden-handshake/

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Post ID: @11ZZWVhO

Was GE's EPS beat done in a high quality way?

So a 15 cent LOSS per share is what happened in Q3, but some pennies got added back to hit the +15 cent per share adjusted earnings beat. One of those was about 8 cents per share for the surprise Alstom Hydro goodwill writeoff – am I correct? Was... —  read more 

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Post ID: @11NLdJIn

Q3 announced

General Electric Company announced on Wednesday that its net revenue in the third quarter stood at $23.4 billion, flat compared to the same period a year ago. The company's net losses per share were 59% lower in the third trimester on an annual... —  read more 

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Post ID: @11MWT1jo

Don't roll your vpa to a traditional IRA

When you go through the online portal it will give you several options. When you click lump sum there is no way to roll to both a traditional and a Roth. What does this mean? If you select traditional you will get double taxed on your vpa. If you... —  read more 

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Post ID: @11M8ZYFE

I got called back from my layoff

I do not see why I got called back from my layoff? Confused that after the contract many got called back. Is the demand up for generator parts? I’m not seeing it here I do see is the company stocking up on future orders. With that said I also think... —  read more 

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Post ID: @11HRYwnV

Don't trust GE

When I was young I calculated my long term funding for my older years . Was not counting on GE changing the rules when I got older . My advice don’t trust GE Everybody needs to remember this moving forward. I think GE has managed to destroy that... —  read more 

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Post ID: @11GRzD3F

Useful link

How Much Is GE Shortchanging Pensioners Taking Lump Sums? Use Our Calculator (Spoiler alert - it's a lot.) Desperate General Electric is cleaning up its balance sheet. One method: let 100,000 ex-employees give up valuable pensions in return... —  read more 

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Post ID: @11ECvAHF

Pension Buyout

The lump sum pays to be young but not old. If I roll to a 401k I only need to beat 4.5% on the market since I'm young. If you are older say in your 50s it would be more like trying to beat 10% on the market. The magic age looks like it is in your... —  read more 

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Post ID: @11D9A7xh

Layoffs around Christmas

Usually layoffs happen with quarter end(+‐ a week). I anticipate next one to be a week before Christmas. This. GE is pretty consistent when it comes to layoffs and I don't remember that holidays ever made any difference in when they were... —  read more 

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Post ID: @11DLGGFO

Next GE Layoffs

Don't put it past GE to do mass layoffs while you have this pension offer in your hand. You will be desperate for money when you get laid off and have this offer in your hand. I would expected mass layoffs between now and Nov. 25th.

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Post ID: @11xZuoAV

INFORMATIVE ARTICLE

https://www.mysanantonio.com/business/article/As-GE-freezes-pensions-employees-rethink-their-14509775.php Is GE having a podcast or any other means of communication [ 800 number for Conference call ] with FORMER employees? Please help.

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Post ID: @11vaqxdk

Don't take pension buyout

The buyout is only good for GE debt reduction by taking money from the workers. The leadership drove GE to it's current state, so leadership should have to pay for it. By accepting the buyout you loose money which in turn goes into Culps pocket. He... —  read more 

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Post ID: @11u2UGKJ

Ex GE employee pension

I chose to leave GE a couple years ago. Today I received pension buyout info in the mail. Is this a joke, why would I do this? To accept the buyout can only hurt me, correct?

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Post ID: @11uDXY4m

GE pension buyout arrived in the mail today

Buyout or not? How to decide? 15 years until age 60. Buyout is $125k. Monthly payments would be $2k starting in 15 years. If buyout taken, annual expected return on 401k assumed to be 5%. Looks like I would benefit staying in the pension plan if I... —  read more 

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Post ID: @11uslbHt

Could this be the plan?

As I see it, the plan is to: Downsize and stabilize Power. Present and future business will be low volume and slim profits. It's hemorrhaging cash right now. Renewables look fair to midland. Maximize Aviation. It's their only cash cow as of... —  read more 

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Post ID: @11sNmJJ9

US salary- healthcare going up

Well don’t be surprised when you look at enrollment that your health deductibles etc. going up...only for salary not the hourly as that was negotiated with no increase. Interesting that was not mentioned with the pension freeze. Continue keep... —  read more 

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Post ID: @11ss2UUZ

GE Ranked #10 In The World

I would like to see what will 2020 survey bring... For now, ranked #10 - amazing! This is per Business Insider, coverage of "World’s Most Attractive Employers 2019" (WMAE 2019) Source Study: https://universumglobal.com/wmae-2019/ PDF... —  read more 

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Post ID: @11rnZTr3

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