GE shares came under pressure on Monday after Bank of America downgraded its rating to neutral from buy and cut its price target to $17 from $22. Its revision was based on the expectation GE will cut its 2018 forecasts when it reports fourth-quarter earnings on Wednesday
Rumor has it that Stokes to give a meeting Thursday subject unknown but I bet it’s not good for GE Power. Plant closings? More aggressive layoffs?
Seems that no one is safe at GE not a stable company at all! Even 90% of managers are looking for other jobs. Yet Flannery said something like he wants to provide quality to customers, and a provide job security for employees. I see non of this going on!!!
I see managers treating shop workers like a pile of manure and do not take input from shop floor workers to possibly raise morale on the floor. Everyone in management is afraid to make a decision base of experience on the shop floor.
The shop workers of GE did not make this mess we inherited it with lower wages and no pension and high deductible healthcare costs. Based on this information and firsthand experience I see that GE is not a retirement company anymore. I am sure if any hourly or salary GE employee with half a brain would utilize common sense and be looking for another career.
Most companies are only good for 5-7 year anyways. In this day and age there is no stability in one company. Fact! Look it up! Good luck to the GE family, and more so to GE health, aviation, power, finance.
If anyone in any GE entity not looking for another company to provide for your family and to try maintain a decent living and to survive this ripple effect of corporate greed and back stabbing. Good luck and good riddance life is better outside of GE less stress.