More layoffs to come soon because of earnings shortfalls
Will hit both Greenville and Schenectady
Union is irrelevant, its the balance sheet that counts and GE just isn't cutting it
Too many facilities, with bloated management, Atlanta and Alstom costs and overhead too high
Went from 35,000 employees to now 64,500 making less than half the units, and factory loads at 30%
Drastic measures required to bring balance back
Posted by @SJp1O2w-eqi