When the Seniority Lists get posted, look at all the Pay #s that are higher than your Pay # (do not look at the lists of Fabricators, Xray, TBC sprayer, Waste Treat, Maintenance). Count how many have less seniority than you, then you basically know... — read more
Severance Pay Delay
No sign of my severance that my signed agreement said would be paid within 3 weeks of my final day of work (Jan 30th). Payroll center says they don't have my release agreement after sending it 3 times, on my termination day of work, and twice... — read more
Boy more of the same from GE
Now they are creating a new business unit, see below. Talk about more write-downs. This is how GE is going to meet their numbers for 2018. Here is transcript from Qtr 1 , JF " GE power will take significant write-downs in power division" blah, blah... — read more
Ge screws SC and Greenville County
Ge got the state and Greenville county to build the center for manufacturing technology and put a few classes of Cnc operators through then lay them all off! Good way to get the good ole taxpayers again.
Internal Control Measures in GE
Early 2017 it is hunky dory, but just a year later, GE has been declared an absolute mess. There exist a group of people to make sure such sudden shocks do not emerge from within the system. Ofcourse I am talking about the much-hyped CAS folks. What... — read more
GE on Barron's Front Page This Weekend
It was all doom and gloom. It was so bad I could not believe it - Barron's so middle of the road (I am a subscriber for 15+ years) and they do not trash companies easily. Anyhow, they've titled it "General Electric’s Dim Prospects" (link below) -... — read more
GE Bankrupt Maybe?
GE is into data analysis these days. Check out this site that gave GE 51% probability of going bankrupt in some form or other. Anyway it has some interesting info even you don't believe it will happen... — read more
Anyone from Greenville here on this board? What are you guys hearing?
There is a ton of fear now in Greenville - what are you guys hearing?
How is this possible
So I happen to be chatting with a pretty high up GE resource over the weekend. We obviously voiced our disgust with GE and the current leadership. As a former employee that dumped all of my GE stock I did not have too much nice to say about the... — read more
Greenville layoff numbers
Plant meeting was today. There will be a 20% reduction in hourly employees. Right now, they are asking for volunteer resignations in return for 12 weeks severance pay. After that, layoff will start to reach the 20% target, which is about 200... — read more
How many more are getting laid off this year? Are they closing any plants in NY anytime soon? Is GE going bankrupt?
I got laid off after a year and a half of running around for this company. Being harassed by management to do more to save our jobs. How well did that work out? In a way I’m glad I am out of GE in upstate NY I took all my iea benifit in one lump sum... — read more
What further GE entities will have more layoffs?
What plants will GE sell? See a lot of BS on this sight. Does anyone know? Does GE know? I think stocks will dip to around $10 a share. Agree?
GE Greenville - Hourly layoffs in process now. More Salaried Layoffs being planned for 2nd quarter.
GE cost cutting targets were created before the stock market wiped out over $100 Billion in GE value. The $100 Billion market value loss, $6 Billion insurance surprise, $34 Billion underfunded pension, and the continued decline in the Gas Turbine... — read more
another bunch laid off in Salem, VA
Of course, no announcement. Saw it in the local paper. I believe the number was 42. I think that leaves about 200 hourly heads in Salem. Just a matter of time before the site shuts down. You would think GE would be responsible enough to announce to... — read more
Safest places to work in GE
For those reading this website as part of deciding whether to hire in to, or remain in, GE. are there parts of GE that are still safe to call home? Here is how I see it? What do you think? GE Aviation: Overall healthy, well-managed. Acceptable GE... — read more
GE burning the furniture to heat the house
With the announcement that GE is selling Jenbacher and Waukesha it seems that the only option JF has is to sell non core business. I work for Aviation but at Unison, so I think it is highly likely that my unit will be sold. Any other Unison person... — read more
GE Greenville job eliminations.
GE gas turbine Greenville is eliminating over 200 hourly positions. Mostly in the upper peer Amachinist scale. Get there is a News blackout, nothing anywhere. How did they do it?
Citigroup hired to Sell GE Power Jenbacher and Waukesha for $2B!
Exclusive: GE exploring industrial gas engine business sale - sources https://www.reuters.com/article/us-ge-divestiture-exclusive/exclusive-ge-exploring-industrial-gas-engine-business-sale-sources-idUSKCN1G100D (Reuters) - General Electric Co (GE.N)... — read more
Shareholder lawsuit
Shareholder lawsuit says the GE concealed insurance shortfall, SEC probe Feb. 16, 2018 2:24 PM ET|By: Carl Surran, SA News Editor General Electric (GE +1.2%) is sued by a shareholder who accuses the company of concealing mounting insurance... — read more
GE Power/Alstom Power legacy Baden employees
When will they finally announce the official layoff numbers for Baden, Switzerland? According to latest info all the work should be moved to Poland.
GE Transportation in Erie Sale.
What does it exactly mean for the current employees there?
The legacy days of this great company are over
Bigger changes in the mix in the near future! I saw 20-30% reduction in blue collar jobs will be eliminated for Greenville. Along with a 20-25% blue collar reduction in New York blue collar work force in the very near future. The stock holder wants... — read more
Greenville Salary Layoff coming 2nd Quarter.
Eliminating 20+
Greenville layoff incoming
Who has a number to how many hourly positions will be cut tomorrow at our all hands meeting ?
SERO 60/15 and 55/25 offered Power Wide?
In Salem SERO 55/25 and 60/15 was offered to hourly today. Hearing it may be offered to all Power hourly.
GE Lighting in Europe Middle-East and Africa is Sold!
http://www.crainscleveland.com/article/20180215/news/152106/general-electric-strikes-deal-sell-portion-ge-lighting General Electric has agreed to sell a portion of GE Lighting to a company led by a former GE Lighting executive. GE has agreed to sell... — read more
Rotating GE executives through rolls like army leadership
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/charlie-munger-part-ges-problem-promotes-executives-010000297.html I have agree the current leadership is not making changes all they do is continue cover the audit red flags. Good ole... — read more
Hot off the press
Strong speculation from reliable sources say by year end Greenville and NY plants in the power entity will be closed. The profit to revenue margins are subpar like the newly created positions on salary side. The only ones taking these positions are... — read more
Bonuses - Power Services and Fieldcore
Any word on when or if GEPS and FieldCore will pay bonuses this year? I have a horrible feeling the shaft is around the corner as there have been zero announcements so far. I’m assuming salary increases are out of the question.
Beware the bean-counter’s magical illusion
General Electric has an addiction to putting bean counters into leadership positions: Bean-counters can appear to make money when they're often just sowing the seeds of future destruction. Goes on all the time. Companies get fat and sloppy. The new... — read more
Salem GE plant laying off 42 people
I'm not sure if this was posted already, if it was I apologize in advance. GE Power in Salem announced a layoff of 42 hourly workers effective March 2, a union official said Tuesday. The 15 percent cut will reduce the hourly workforce to 235... — read more
Transportation divestature started
Transportation support employees in corp, global ops, digital, etc being consolidated back to the vertical. I seen this for a few employees. Has anybody noticed this on a large scale? This is first step in process to sale. Next will be getting GET's... — read more
Will they close a Greenville or NY plant? Long Live Alstom!
Well either way the way the scared GE managers are running treating people they should close both. Alstom will be the future of Power! Long live Alstom
To bad Stoke and Flannery can’t figure this out yet
They should break up the company and let each division fend for themselves! By by GE Power.
Good bye yellow brick road
42 people layoff announced today. Also a major arbitration lost. Why the f*ck do we even have a Union? They are as useless as hell.
Alrighty then when will GE drop the axe on NY plant?
Why does management in Schenectady NY 273 treat the union workers like garbage? Starts with top dog in the plant down? What Is the reasoning and purpose for these ops leaders and cell leaders to treat us like this? Fear? That upper corporate brass... — read more
GE stock not lockstep with Dow
So I kept hearing how GE stock was going down last week because the Dow was going down. But today it went the complete opposite direction (down again when the Dow went up). Analysts downgraded it again. How low will it go? Anyone think $7?
GE Greenville Getting Rid of 2 Tier Wage System
Everyone on 2nd tier wage system will be laid off, so back to the original plan
Immelt needs to explain
Would love ❤️ for Jeff to explain why he let OUR Pension Fund get so bad? He minipulated the books.. My opinion. I’m prob right! 31B Jeff.. All I can say is what the f--- were U thinking running GE?