Layoffs started last week, getting rid of engineering, sourcing, lower level management. All because they have a pension, or make a decent living. They combined white collar jobs and want someone to do 3 Times the work for crap pay. I herd bigger cuts coming by next week including the blue collar across GE as a whole not just one division.
Anybody has more info on this?
This mess is heading for a crash 'n burn.
Heard there is a big change coming for health insurance. The worst rumor I heard is that they will get rid of it .
The pension is under-funded massively so freeze it.
Agree. They might as well freeze the pension and get the masses to self deport from the company.
If they want to get rid of people ...just freeze the pensions for all. That will make people leave in a second. When I say freeze pensions, I mean "As this date the company will no longer contribute to the pension even for legacy employees" You can run GE without employee's right? Here is a solution take the company private. Then you don't have to answer to any outside analysts. Run the company like should be run ...not by the stock price.