Topics regarding layoffs at General Electric Co.
Heard there were some layoffs this week in Renewables on the Schenectady campus. Seeing a flurry of activity on LinkedIn that would support that, like folks looking for a job @ the end of September.
https://nypost.com/2020/08/06/new-york-ge-workers-beg-trump-to-save-jobs-from-outsourcing/ It has to be worse than our union and company is telling us. As Billy Fuccillo would say ITS HUGE! Rumor is 225 at least out the door at 273 and don’t... — read more
This layoff needs to happen already i have things I need to get done around my house id also like to do some fishing and can't wait to have all of hunting season off again. Come on 301 let's make this happen already
What's the word T–ddd?
About 300 people joined a "walk for jobs" to protest against redundancy plans at an aircraft engine maintenance plant on Saturday. General Electric (GE) announced in July that it plans to cut 369 jobs at its site in Nantgarw, near Caerphilly. .. — read more
Anyone have any good stories about their manager or HR actually supporting you? I feel like they’re only good for protecting the company and then a heartless layoff especially if you say anything negative to them...speak up and get fired eh?
Straight out of the earnings report for power Passing the blame on Covid 19. Covid just moved the inevitable to the front lines. Many layoffs coming like 225-250 out of Schenectady. Gas power equipment revenue was up double digits on higher... — read more
Q2 earnings statement has been released hmmm.
I don’t know what to believe these days. Can anyone shed light on all these rumors going around? Some rumors have to have some truth or weight to it.
Cash burn in question for struggling GE (Reuters) - The collapse of global air travel has stopped General Electric Co’s (GE.N) turnaround plan in its tracks and the company will have to convince investors on Wednesday that it is on course to... — read more
BY RACHIT VATS (Reuters) - The collapse of global air travel has stopped General Electric Co's turnaround plan in its tracks and the company will have to convince investors on Wednesday that it is on course to reduce cash burn through the rest of... — read more
Expect GE to be very generous with their presents this season
After the earnings report for power and 273? 225 out the door this year for Schenectady
https://www.fool.com/investing/2020/07/24/how-general-electric-has-remodeled-its-business-in.aspx "The big picture For decades, GE was a consistent outperformer due to its diversified conglomerate structure. Weakness in one unit could be offset... — read more
Everyone is getting rich talking about the down fall of GE. https://fortune.com/longform/general-electric-ge-lights-out-book-thomas-gryta-ted-mann/
What else is new? https://fortune.com/2020/07/20/ge-collapse-new-book-ceo-daily/ They should be doing stories of the personal impact to the people who worked there.
This layoff talk at 273 is driving me crazy. The company will nor the union won’t say anything useful. I will just be left high and dry as usual like last time. I’m glad I’ve been preparing the last year and stocking up loads of cash for this. As... — read more
Part 1: (Source Below) - The industrial giant hoped to remake itself as a software powerhouse. Here’s what went wrong. In early 2014, the High-Impact Innovation Team in General Electric Co.’s Connecticut headquarters received an urgent call: It... — read more
China has strong-armed GE for decades into handing over trade secrets in exchange for market access. GE's bean counters were so focused on quarterly numbers that short term gains superseded long term intelligent decisions. China played GE well and... — read more
I don't see HR tagging along and in every meeting with the CEO anymore. Maybe they got leaned away. Good Riddance.
Ge has promoted two employees to Chief Diversity Officer and VP Chief Diversity Officer. They "will be responsible for setting and monitoring the company's diversity, equity and inclusion (DEI) strategy, as well as partnering with leaders across the... — read more
Take a look at these high ranking individuals at GE. Do a search for the big names that make great profit from the GE worker. Start here. https://www.secform4.com/insider-trading/40545.htm They can hide and lie. But here are the facts.
The final chapter has been written $20k for t rates and $80 k for d rates plant closing package. The new plant manager will be here to learn from a broken legacy. The t rates who came back again and again on call backs will wish they had not. The d... — read more
https://nypost.com/2020/07/11/how-a-power-hungry-ceo-drained-the-light-out-of-general-electric/ Sorry not to see him prison.
https://www.bbc.com/news/uk-wales-53352654 Layoffs every where
Has anyone else heard these rumors ? I heard it from 3 different sources in the last couple weeks that there is a good possibility the entire Schdy plant is shutting down this year and they are going to move the Rnw Energy folks to Niskayuna. No idea... — read more
Get ready for a lot more layoffs for power and insurance. New auditor along with the investigation on GE’s money problems.
Warren Buffett plowed $3 billion into General Electric during the financial crisis, when the industrials giant's financing arm was suffering from the credit crunch. In exchange, Buffett received $3 billion in preferred stock paying a 10% annual... — read more
GRC lay-off employees can not bump into 273 the t rates stay. 273 can not bump into 66 those t rates stay job security a little longer
I’m sure the number will Rise well above the 44 in due time. It always comes in waves 44 here another 30 next wave. That’s about 20% and that’s sounds about right. Shipping some of the work to Europe and Poland to be closer to the customers. If it... — read more