Why no posts here for GE global operations Cincinnati layoffs?
Topics regarding layoffs at General Electric Co.
The understanding is that our pension, because of the way it is set up, is guarantied by the Fed up to $5K a month. That being said, if they file chapter 11, they can reduce our amount, and the amount of the reduction will be just gone. The Fed... — read more
Just curious - Is GE PPA/VPA taxable?
Just in time for all these call backs GE Power is doing in NY. Here in Greenville not so lucky. https://www.bloomberg.com/opinion/articles/2019-08-23/trade-war-manufacturing-recession-pressure-industrial-companies
Or does any job sounds better than working at GE right now? Walmart cashier? McDonald's fry cook? Anything has a better ring to it than anything related to GE right now...
Streamlining Simplification Actions to simplify the organization Reorg Reduction in force Headcount reductions Chopping Heads or Cutting Heads Off boarding Non-essential employees Resource consolidation Workforce... — read more
The past ones just didn't do the trick. GE needs to concentrate on the "low-hanging fruit" GE needs to stop trying to "boil the ocean" GE managers need more "bandwidth" GE beliefs Customers determine our success. Stay lean to go fast... — read more
A year or two ago it seemed GE was only one of a few companies going through hard times, and because of this, GE employees assumed it was just a GE thing. Some people posted here explaining that the problem was much bigger, as the first signs of an... — read more
Due to additional Gas Turbine procurement losses, GE Greenville is planning additional headcount reductions in November. Happy Thanksgiving and Merry Christmas to everyone. You should consider leaving on your own terms instead of waiting on the ax... — read more
I remember my so called leader saying that EMS was a tool to screw people's career. There were two EMS, one for the CASholes and one for everyone else. You could screw up big time and if you one of those CAShole, no one will touch you, maybe slap on... — read more
Were there layoffs in ATL in Power today?
So the questions I have are this...If the current management wanted to right the course of the company, and prevent investigations such as the third party, the SEC, and government pension fund, and the class action law suit on the SSP accounts, why... — read more
GET OUT NOW.
My Fellow Constituents and Colleagues There will be more job losses within 4-6 months. Those who choose to stay for the severance package will have to wait in line after the company files for bankruptcy. Whom ever chooses to be blind... — read more
Here is the authority that could be used against either, if the whistleblower report is correct: https://www.sarbanes-oxley-101.com/SOX-906.htm. That's some stiff jail time. https://upload.wikimedia.org/wikipedia/commons/4/4f/Jail_Dictionary.pdf... — read more
Since the whole fraud report came out, how many have already decided to leave on their own before it's too late? I'll admit, I haven't been too active in looking for a new job because I figured if I'm laid off, I'll have severance to fall back on... — read more
We have $107 Billion in debt. We have $27 Billion in pension liabilities. We have no cash and we generated $15 Billion in cash over last 7 years. How will we pay off debt and take care of our liabilities?
Markopolos: GE Is “Bankruptcy Waiting To Happen” It's unsustainable and it's growing." As Henry Markopolos readily admits, GE has reportedly been playing fast and loose with its revenues for decades, which is why thousands of analysts were... — read more
and following the strategic path we have laid out...
Larry Culp got to lower his dollar cost average on his now ~$10 million in GE stock thanks to today's short report. Reference: https://www.sec.gov/Archives/edgar/data/40545/000123120519000165/xslF345X03/edgar.xml
Contract finalized so now watch the work flow back to Schtdy. Can’t wait to get be called back and be welcomed with open arms by my Union Brothers- just to pad the coffers at the Hall!! Just loved being treated like a second class worker!
GE director Leslie Seidman, chair of audit committee, comments... https://www.cnbc.com/video/2019/08/15/ge-director-leslie-seidman-comments-on-fraud-accusations.html
GE has cooked the books worse than Enron- GE Is the Next Enron I can see power taking the worse of the restructuring. Go figure after the National contract was signed. I’m glad I voted NO! The Fraud Investigators have been researching... — read more
The “GEnron” Playbook [https://www.gefraud.com/] GE has been running a decades long accounting fraud by only providing top line revenue and bottom line profits for its business units and getting away with leaving out cost of goods sold, SG&A, R&D... — read more
GE is a failed company, rotten to the core. Bad leadership, shoddy morale and horrible business ethics for many years are now taking their toll. GRC is at the core of all this. Hardly ever have I experienced such a superb assembly of... — read more
Today's news makes CtW's analysis about shareholder lawsuit risk (sent to Lead Director Horton) sound more serious: http://ctwinvestmentgroup.com/wp-content/uploads/2019/04/GEBoard-LetterFinal.pdf
If things go wrong, are GE pensions secure?
GE's insurance unit would need an $18.5 billion boost to its reserves The Wall Street Journal cited a research report from Harry Markopolos, which said he and his colleagues had found that GE's insurance unit would need an $18.5 billion boost to... — read more
A CEO of a major company bought 331,000+ shares of stock worth $3 million on Tuesday and shares have dropped $1 a share as of today so far. What vision this man has!
In addition to the short play, Harry Markopolos report is possibly a signal (warning shot?) to the SEC mouthbreatherers investigating GE's accounting practices. If true, which I have no proof that it is, that would give shorts two nice shots at a... — read more
http://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2019/8/15/20190815GEWhistleblower_Report.pdf GENERAL ELECTRIC, A BIGGER FRAUD THAN ENRON Summary: GE’s $38 Billion in Accounting Fraud www.gefraud.com by Harry Markopolos... — read more
Harry Markopolos releases report on GE’s accounting, claiming its cash situation is far worse than disclosed and GE needs to boost insurance reserves https://www.wsj.com/articles/ge-is-new-target-of-madoff-whistleblower-11565866617
Wall Street Journal https://www.wsj.com/articles/ge-is-new-target-of-madoff-whistleblower-11565866617 Harry Markopolos releases report on GE’s accounting, claiming its cash situation is far worse than disclosed and GE needs to boost insurance... — read more
I'm so excited the contract passed. I really hope the company starts the layoffs in Schenectady soon so we can finally be a D rate shop again.