GE did NOT spend all their cash on the merger with Alstom deal! They had at the time in off shore cash over $200 billion. Also GE had at the time Billions in cash in the states. So GE to claim to be broke is a joke! They might have some issues right now with the stock shares but I believe it’s all a ploy! With GE and the stock issue, and perfect timing with the national union contract coming up. I am sure after the company completely screws the union workers, after they screw all their employees with a disgrace of a contract. Then you will see the true GE! After contract Work will come back to all the businesses, stocks will rise, share holders will become wealthier. The union workers will struggle, with high healthcare costs, lower wages, next to nothing for retirement. Typical corporate greed going on here, and no concern over human need and a better standard of living. It is a cycle GE goes through they play the victim roll and unions are bad. Look at jobs without unions, wages, holidays, vacation, and high healthcare 401k. Look at unions 401k (pension got cut), lower wage scale, high healthcare but we have holidays off. Rich gets richer and middle class get poor. Good luck GE employees, life after GE is just as good!
Posted by @PNw0FIO-1wer.