Thread regarding Baker Hughes layoffs

GE to shed it's majority shares of Baker Hughes

The Boston-based company also plans to eventually shed its majority stake in Baker Hughes, which became a separate public company in July after merging with GE’s oil and gas operations, this person said.

GE owns 63% of Baker Hughes, which had a market value of $40 billion based on Friday’s close. While it intends to exercise its option to exit Baker Hughes, the process hasn’t started and would be subject to some discussion between the companies’ boards. Under the current arrangement, GE is restricted from selling its stake for several years.

by Anonymous
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Post ID: @OP+QeOuNdG
Comment! It's anonymous!

8 replies (most recent on top)

BHGE is a profitable company. If someone does indeed buy them at rock bottom price, there would be no need to slash costs. I will agree that a new management team might have different ideas about how to run a business but nobody would ever buy a business and then intentionally try to ruin it. It is good for BHGE that GE decided to create the JV and let it run as a separate entity. The handwriting was on the wall that GE was creating an exit strategy for oil & gas but that might turn out to be a good thing for BH(x)GE.

by Anonymous
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Post ID: @3afq+QeOuNdG

Who buys BH next will pay a rock bottom price then cut costs by slashing salaries, benefits, pension and headcount even more. End of the road for BH.

by Anonymous
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Post ID: @2avn+QeOuNdG

BHI buy the majority shares back.

by Anonymous
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Post ID: @1kxw+QeOuNdG

Aye BARBA TENUS SAPIENTES

by Anonymous
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Post ID: @qxw+QeOuNdG

Lets get back to doing wat the Bridge does best. Excelling in everything we do OUR WAY!

by Anonymous
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Post ID: @gud+QeOuNdG

Baker is a dog, its the people that make the company and frankly Baker people s---. Convoluted over complex supply chain, overbearing processes, incompetent management, useless lazy employees. What's needed is major layoffs before selling baker to the Chineese.

by Anonymous
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Post ID: @oum+QeOuNdG

Let's go back to the BHI way of doing things - that worked so well for us - No, wait - we were broke before Halliburton ever came along -

by Anonymous
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Post ID: @rct+QeOuNdG

We chewed you up and spat you out

by Union of Bodafarians
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Post ID: @ibm+QeOuNdG

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