Thread regarding General Electric Co. layoffs

Aviation cuts

10% of US workforce, 50% lack of work for MRO employees for 3 months, hiring freeze, cancelled salaried merit increase, reduction of contingent employees. Aviation CEO to give up half his salary.

Coming soon to the other businesses, especially Power. Less demand for electricity now with industries and businesses shutting down. Watching Netflix on a modern LED TV uses less than 100 watts. Even with everyone at home, that won't even begin to replace the power demand from productive activities that are now discontinued.

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| 3425 views | | 6 replies (last )
Post ID: @OP+147IMX4k

6 replies (most recent on top)

Disruptions in the supply chain could wreck havoc in the Aviation business. We're not only talking about people not flying and airlines not buying commercial jets, but the inability to supply the parts needed to build engines for the few planes still being built. The options are limited. One spigot turned off will disrupt the whole business. A fragile system is in place. Layoffs could rise even further.

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Post ID: @2idn+147IMX4k
  • GE Is Laying Off Staff. Here’s What Wall Street Thinks.

https://www.barrons.com/articles/ge-layoffs-coronavirus-what-wall-street-thinks-51585060156

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Post ID: @1ddo+147IMX4k

Great job! Soon GE will be moving ALL of the US based manufacturing to India. GE is making India great again!!

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Post ID: @1bvn+147IMX4k

https://www.wsj.com/articles/ge-to-cut-aviation-workforce-as-coronavirus-grounds-airliners-11584972724

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Post ID: @qrr+147IMX4k

People told me I was an id–t for leaving GE in 2018. Hah!!!!!!!!!!!!!!!

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Post ID: @wve+147IMX4k

When you make $7.5 million a year it is not too much of a burden to give up half of it.

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Post ID: @mfq+147IMX4k

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