U.S. Department of Justice has reached an agreement on the merger of Baker Hughes and General Electric’s oil and gas division, clearing the way for shareholders to approve the deal.
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BH employees will accept any pay cuts to keep their jobs and GE know this. Get ready for pay being slashed big time as the forecast for oil price recovery diminishes.
Flying poppadom carpet
BH go on zero hour contract after merger so GE make more profit. Unprofitable divisions to be selled.
chop chop chop...next rounds to happen by end of 2017
there you are...rest my case
It's a word used mainly by pre-teens and not usually by adults.
Wiki it. Not from the South I'm guessing.
GE will regret this when they see BH management incompetence.
Fake news
DOJ agreed to approve the combination of Baker Hughes and GE Oil & Gas as long as the companies divest GE’s Water & Process Technologies business. Without the divestiture, the DOJ claims the merger “would substantially lessen competition for refinery chemicals and services in the United States, leading to higher prices and a reduction in service quality,” according to a DOJ press release.