Thread regarding General Electric Co. layoffs

GE management is very poor because they promote people with little technical knowledge these days.

What made the old GE great was promoting only experts who worked their way up from the bottom, and knew the businesses they would manage. Todays GE managers have little expertise, change jobs every 2 years and just want to get promoted. Bad decision after bad decision by these change agents has destroyed GE and GE reputation with customers like we are hearing in this post.

That's funny - "chipmunk positive, awesome, excited nonsense." There is so much of that going around in corporate America today it's a wonder anything serious gets done. How excited are you supposed to be to do a good job? Better to calm down and focus on the details.

As another poster wrote: "And lets just say it out load, the GE WiZ kids, the golden children, the CAS and the LP programs never do help these situations."

I also have noticed this. It's a weird kind of youth worship by leadership, as if we're hoping they're going to save us from this mess. They are coddled to no end. They give them all "permission to fail," too, which is probably not a great idea when you think about it. One of the LPs acted like a mini CEO, playing golf in the cubicle isles and dropping names of all the old boys club members who were taking him out to lunch while we worked. He couldn't even show up to meetings on time.

Hilarious post

@2gvt That is Croutonville's world class managerial incompetence training. It is really something else, as you can see by the results.

Whatever management courses the managers have been on they sure look worthless. The incompetence is limitless.

The Alstom buyout was no piece of cake for some of us here in the U.S. either. GE took a highly profitable, small, automation services group; got rid of an excellent manager and merged them into the Alstom installed base service arena. The problem is this group did NOTHING power related, all their work was industrial and military automation, something Alstom management didn't care about or understand and to this day, they still don't. The actual workers are the ones paying the price for this major screw up and it's getting worse by the day! Who knows what will happen with all the layoffs.

With visionaries like Schmidli in GT and french excellence, Maffeis in manufacturing a fail was guaranteed. Incompetence was visible at tge higtest levels

So many poor managers. Designing crap nobody wanted.

GE’s Power business did not get a govt bailout, and you are misinformed if you think they did. The financial arm of GE took advantage of the massive bank bailout in 08/09 to benefit their bottom line. GE Capital benefited greatly, but they did not need the the cheap money to survive. It would have been financially irresponsible to not take advantage of the program, and a deriliction of its fiduciary duty. Alstom, however, required a subsidy to avoid bankruptcy, year after year for many years. Why do you think the French govt was so happy when the deal closed?

Now, because of the rotten deal Immelt agreed to to get the French government to OK the deal, GE cannot touch the French employees. Isn't Socialism awesome !

Flannery negotiated the Alstom deal. He’s either incompetent, stupid, or a crook like the rest. Maybe all three.

All well and good, GE had problems before Alstrom. They relied on the acquisition model instead of innovating or building themselves. It was only a matter of time. And lets just say it out load, the GE WiZ kids, the golden children, the CAS and the LP programs never do help these situations.

Alstom was a great place to work but looking back it was a French joke of a management structure.

Alstom was weak but GE were arrogant to think they could fix it easily. It was so obvious to us inside that it was a basket case.

Siemens laughed their choppers off at the arrogance of GE!

Nevermind the fact that GE doesn't pay any US federal tax AND even gets money back! They have a negative federal tax rate! And what about GE closing factories and shipping jobs overseas because the government was planning on canceling the export tax credit? GE is subsidized by taxpayers.

hahahaha comment below soooo true

GE got a $139 billion bailout in 2008. Alstom's bailout in 2003 was 3 billion Euros. What about living off of taxpayers?

Alstom’s “profitable” services business had cooked the books so badly that their losses were hidden from GE. There was nothing “profitable” about Alstom, it was a failed company living off taxpayers.

Alstom didn't hold a gun to force GE to make the purchase and settle on a price. Being legacy Alstom located in NAM region, GE utterly destroyed the well oiled and profitable services business. Virtually 85% of our sales force (Executive and plant level) were asked to leave. Our field service engineers used to be very influential in relationships and identifying opportunities. Turbine and Boiler TFAs were layed off and some rehired as FieldCore for less pay and more hours required before OT hits. Many left. Now FieldCore is further removed from the Services business with little incentive to assist the Services business.

Lol

What I heard is that Alstom are incompetent and refused to do anything other than what is on your 100 year old design practice. U are the reason why GE is deep in sh-- now

Alstom was within days of being out of cash and bankrupt when the deal finally closed, the market changed dramatically and somewhat unexpectedly (should have seen it anyway). I would suggest Alstom would not exist at all if not bought by GE, so direct your complaints first towards the former Alstom leadership that did not do enough to fix the business in the first place. No doubt the integration has been handled poorly in some areas especially Services from what I have been told.

@QCMDt4J-chl

You are not correct, GE is colossally stupid!

Alstom was a massive failure when GE bought it. It was only surviving by government subsidy, and could not make it in a free market. GE was colossally stupid in swallowing the deadly parasite known as Alstom...ESPECIALLY at a time when Gas Power is in secular decline!