They flat out lied to us today, saying they don’t know who or how many will be affected by layoffs in Engineering. I know for a fact that names under each manager have already been submitted to HR. It is extremely demoralizing to hear once-trusted leaders lie to their employees in such a serious situation. All trust is gone...this business, as it is staffed, is no longer repairable in my honest opinion.
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Who has taken over from Peter Walker?
I know Peter Walker, he is good to work for and very fair.
Shame Alstom had no business structure, manufacturing, or purchasing organisation worth mentioning.
Peter Walker has been pushed out to the side, his replacement will be a tool of the upper etchelons, a yes man to ruthlessly asset strip and close the place
We should have just had a big wiener roast with $5B cash a kindling...at least we’d have all gotten a hotdog!
Alstom was failing when the Power industry was thriving.
But remember that Alstom took all those retrofits from GE's back yard, must have been doing something right - oh yeah - listening to the customers and producing turbines with better efficiency
The “hint” that GE was not business-saavy was that they were interested in a failing, government-subsidized, over-staffed behemoth like Alstom. That’s a sure tell, lol.
1wit,
I am legacy-Alstom too and my little Grid Solutions group was doing better under Alstom than with GE. I'm not blaming GE for being a victim of fraud but GE portrayed itself as being something it wasn't/isn't, and that's being business savvy.
Great. Alstom people on here blaming GE for being a victim of fraud.
I'm legacy Alstom. We aren't too thrilled with GE either. GE paid too high of a price and didn't scrutinize the Alstom 3 and 5 yr plans in due diligence phase. Trust me, GE has done a wonderful job at ruining the business that we brought to the table on the Services side.
Where's Mr. 50 in 60 now? All flash. No sizzle. Tell them what they want to hear.
The Alstom deal was to regain market share and more importantly ranking. They were number 2. Might have worked if the market hadn't gone soft. But aren't the big boys supposed to see it coming?
Those in control now helped orchestrate the Alstom deal. Don't expect them to save GE because they cannot even if they do desired. This, my friends, is the END.
@1agz I have the facts. They know how many names had been submitted, and they therefore know how many are (potentially) going to lose their jobs...at a minimun they each know a worst case number within their teams. They pretended to be clueless as to the magnitude of the impending disaster. This is called lying by any reasonable definition.
Better than flat out telling you there is no plan which is so obvious a lie.
How about the company get rid of HR.
@Qg9oySQ You accused Lammas and others of lying when they said they didn't know how many or when but you don't have the full story. Here are the facts:
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Managers in engineering have submitted names to HR for legal review.
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Lammas and other are waiting for their leaders to make decisions about selling or shutting down certain areas of the business.
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Till item 2 is decided they don't know if they will have to layoff the people HR has reviewed.
Reductions are coming, make no mistake but right now they really don't know.
Did anyone else hear PW say that we should all be sure to mention GE Power when interviewing at other companies? Or something to that effect. Someone please replay what he said if you remember. My bp was out of control...I guess 27 years means nothing.
That is why John Flannery is unable to establish credibility with investors or even employees. He is the other side of the Jeff Immelt who famously fooled investors, employees for more than a decade. They surrounded themselves with those who wow them for past 3 decades and rest are worthless.
Yes, Flannery was an architect of the Alstom disaster.
Per the town hall, there is no discussion around reversing the Alstom merger. GE will stubbornly go to its grave with a life-s---ing organism called Alstom attached to its neck.
Wasn't Flannerty deeply involved in the research of Alstom and it's purchase?
I would have no problem if they told us they had layoffs planned and said they could not tell us who at this time. But if they lied that tells a truth about that person.
At today's Power engineering town hall Peter Walker tried desperately to blame Gas Turbine market for the power division’s problems. Is he crazy? What a load of S&*T. Power is in serious trouble mainly because GE bought a bankrupt, bloated, poorly run, overstaffed, under performing corporate welfare state called Alstom. Alstom lied about sales, product costs, overhead costs and just about everything else to make themselves look attractive so GE would buy them so they could latch on the a healthy donor. Alstom is a parasite. GE got fooled. Power market fluctuations have been weathered before many cycles…this is different. The problem is Alstom..and now GE has 10000's of heads in works council protected nations in Europe they can layoff fast enough!
GE management needs to wake up, and jettison the boat anchor that is Alstom…pay the European fine and layoff everyone in Baden, Birr and Belfort. That’s the only big enough swing to save the sinking ship.
Peter Walker is steadfast Alstom die-hard who is part of the problem, not the solution. The leaders who led Alstom into bankruptcy should never have been appointed to GE leadership positions. Now is the time to correct the problem!
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Well, they are doing major cuts so 12 months from now it will be staffed much differently.