Here is a link to the article. It's in German.
https://www.google.com/amp/s/www.nzz.ch/amp/wirtschaft/general-electric-plant-offenbar-neuen-stellenabbau-in-der-schweiz-ld.1323712
8 replies (most recent on top)
If they are going to clean house in Baden they need to sweep out that mafiaoso Masriangelo
We heard Baden was going to get hit big time. The question was when the sh-t hit the fan.
thanks for sharing that!
Good @jpr and I hope the management team gets tossed as well!
The managers know there is a big bullseye on Schenectady due to the union mentality, cost, and inefficiency. The union will be collecting far less dues very soon. You have been warned!
To bad it didn’t start with Schenectady NY 273! The management at that place is bad I herd of late. Harassing workers to do more! I here the union sits back and let’s it all happen! Not the union of old we knew how to shove it up the companies rear end.
thanks for sharing
The Swiss activities of the American industrial conglomerate General Electric (GE) are threatened by the financial difficulties of the traditional group. According to an article in the "Nordwestschweiz" , 1300 of the remaining 4500 jobs in Switzerland are to be deleted within the framework of a further Abbaurunde. The newspaper refers to internal sources. According to a spokesman for employee representative Switzerland, job cuts had already been scheduled for September and also communicated internally. However, because of a group-wide restructuring of the entire Group, this project was apparently postponed.
Deciding on November 13?
It is generally assumed that the new CEO John Flannery will announce concrete measures on the Investor Day on 13 November . In the context of the recent, bad quarterly result, the new CEO had no doubt that he would not be left with delicate touch-ups. Regarding the impact on Switzerland and the rumors, a press spokesman from GE merely said that he could "confirm neither the number nor the timeframe".
GE's headquarters in Baden. (Photo: Urs Flüeler / Keystone)
GE's headquarters in Baden. (Photo: Urs Flüeler / Keystone)
Since GE has acquired the Energy Department three years ago from the French industrial group Alstom , the area is no longer at rest. In a first round, which eliminated 6,500 of the total 48,000 jobs in GE's European energy base, 900 of the 5,500 jobs in Switzerland were lost, although the complementary range of the two parts was still praised during the takeover. Originally there was even a reduction of 1300 jobs . But the business with steam and gas turbines has been paralyzing for years in the industrialized countries, and in the emerging market countries the cheaper products of the Asians are often coming to a standstill.