Thread regarding General Electric Co. layoffs

GE Powering Down - Gas Turbine Market to remain flat for at least a DECADE...

http://fingfx.thomsonreuters.com/gfx/editorcharts/GE-POWER/0H0010LE09K/index.html

Solar and Wind are less expensive than gas turbine power production. Many gas turbine plants are being mothballed.

The Alstom purchase added factories and 65,000 employees onto GE's payroll with a collapsing market. Mitsubishi commented that they did not add investments like GE because they've been watching the cost of renewable alternative energy drop for the last few years. GE's leadership incompetence is being shown to the world.

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Post ID: @OP+RRpWaWF

19 replies (most recent on top)

No one believes how bad it is the worse is yet to come.

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Post ID: @7hez+RRpWaWF

Greenville Repair needs to be handled as a separate entity from manufacturing complete with its own Repair Quality and Operational leadership. Operate it along the the lines of a aviation maintenance, repair and overhaul (MRO) facility, not like a fragmented effort as it is now. You will see improvement.

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Post ID: @2gul+RRpWaWF

Folks...if you are going to charge what GE is charging for repair work in Power you best have people who care and know what they are doing. With all the crap going on ..good workers are jumping ship. Not sure GE leadership understands you are only as good as the people below you. Run the company like you own it. To conclude there is no loyalty left by GE employees of Power at a manager or lower level. The benefits stink, raises ? what are those ? vacation ..take as much as you want but get your work done. OBTW..look to the left and to the right your fellow workers have left and there is a hiring freeze. Tag ..your it. This is the current culture GE Power.

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Post ID: @1gre+RRpWaWF

1kwd - you noticed, too

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Post ID: @1fky+RRpWaWF

Without a doubt, I expect significantly more salaried Layoffs in Greenville this year. Especially as NPI programs are scrutinized and trimmed to critical ones.

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Post ID: @1qht+RRpWaWF

I have no confidence in any of them. Only staying for the severance package at this point... maybe I'll use it to buy some solar panels.

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Post ID: @1dcb+RRpWaWF

Come on guys, Stokes’ “diversity hires” are gonna turn this thing around...just you wait & see!

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Post ID: @1kwd+RRpWaWF

GE should have done their homework. Looks like they were caught by surprise to see their industry go down the toilet so rapidly. Nothing lasts forever as Kodak will tell you.

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Post ID: @1hsn+RRpWaWF

It's just a matter of time before Greenville Repair shuts down. They did a p--- poor job on a transactional work scope for a new customer (who tried giving us a chance after always going 3rd party in the past), and then had the gall to not even show up to the corrective action meeting. The rumor mill says "Repair don't care" so don't expect to find job security there.

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Post ID: @1ipq+RRpWaWF

In the near future? What brand of crack do you smoke? GE has, is and will be shutting their repair centers down. Where have you been?

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Post ID: @obz+RRpWaWF

Repair work lags gas turbine sales. With such a gas turbine market drop repair centers will have their layoff turn in the near future.

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Post ID: @scx+RRpWaWF

@RRpWaWF-zzz, You Nailed It. Some people are still believing the GE's Cool Aid culture.... And that's why there will be MORE layoffs.

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Post ID: @rhp+RRpWaWF

3rd party repair centers are beating the socks off GE’s repair centers with much less cost and better quality. GE repair centers only survive because of warranty contractual agreements. Customers are avoiding GE if possible. GE is too difficult and arrogant to deal with and far too expensive. Quality is no longer used in the same sentence with GE

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Post ID: @bjq+RRpWaWF

So true

Also renewables are cyclic and need back up so some of the premise of the conclusion is incomplete.

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Post ID: @rhu+RRpWaWF

Also renewables are cyclic and need back up so some of the premise of the conclusion is incomplete.

Wrong, wrong, wrong. This thought is why GE is doing so poorly these days. This is why GE invested so much money in cyclic turbines, isn't selling any and now has to lay people off.

The solution our customers have chosen to the varying output from wind turbines is to buy MORE wind turbines. So when the wind dies down in one place, there's a wind turbine somewhere else at full load. When there is too much wind everywhere, they shut down one or the other.

They never ever want to fire the gas turbine. Ever.

That's only going to get more true as storage tech improves.

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Post ID: @zzz+RRpWaWF

A 10 yr forecast is not worth much and the data in the link was not accurate. It showed GE having 33% market share for advance tech GT. McCoy which provides a global view of the market has had GE at 50% share for about the last 2 yrs. Also renewables are cyclic and need back up so some of the premise of the conclusion is incomplete.

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Post ID: @inq+RRpWaWF

@uhi, No. Wrong. Less orders is not the problem. Less outages is the problem. If our customers aren't using the turbines and they aren't wearing out the parts then there will be less outages and much much less cash coming to GE. It's not the production line that is the cash cow for GE. The production line is a cost. You have always been a cost. It is the repair centers that are the cash cows for GE.

Bow down to your betters in the repair centers. Thank them for giving you a job all these years.

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Post ID: @drt+RRpWaWF

Flat? Well, yes. Sort of. Once it gets to zero it will be flat.

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Post ID: @mph+RRpWaWF

Yes, now let's deal with the present reality.

Less orders = less jobs

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Post ID: @uhi+RRpWaWF

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