https://www.fool.com/investing/2017/11/21/the-key-to-general-electrics-stock-prospects.aspx
You have to wonder about JF leadership decisions here. RS is NOT the guy to bring about permanent positive change to GE power. Sorry, to say but all he is nothing more than hacket man.
GE Power management really screwed up the business execution and cash flow from bottom up by years of bad decisions by new people brought in who really didn't know the business and just wanted to get promoted for making rabid change. These bad decisions that put GE Power in a non competitive high cost, low efficiency situation were sold to new management with new ideas that didn't know the business, unlike previous managers, technical leaders, and experts. They were just yes men looking to get promoted and most were just passing thru instead of those who stayed and grew for decades.
Just hacking 25% across the board will only cut some cost. It will nor restore efficiency, expertise, good quality, better customer service, or in general cash flow fundamentals.
GE Power needs to restore the technical capabilities of the organization, and make products in a efficient cash flow manner instead of giving all their value added cash flow to others, with huge parasitic transportation, handling, and unnecessary bureaucracy middlemen accosts.
GE Power needs to get real again, not just slash across the board and leave the same rotten structure in place in now 20 different facilities around the world that operate without much actual synergy. Don't listen to the GE Power management BS. They were the ones that promoted the mess we now have. Unfortunately, it may be unfixable at this point.
GE Power restructuring is necessary but not sufficient. If utilities insist on buying more wind capacity while using coal and nukes for baseload then more and more gas turbines will be mothballed. Fewer new sales, little services.
One can fault GE management for not seeing this coming but we can't fault them for the fact that renewables are preferred by our customers.