CEO thinks profits will turn around in 2021. Highly doubtful more like 2030 after bankruptcy and more layoffs but meanwhile the union contract will be the worse in years. That $1 raise to sell ourselves to GE for more “Flexibility” is the only raise we will see.
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Beware GE can and will spinoff companies, one spunoff they have a pricetag. Beware employees, everyone loses when this stuff happens
No one outside GE cares about GE
There is little difference between the highly overpaid CEOs who get their millions and the Union workers that get their $100k a year pay. Both are out to get as much as they can by any means possible. I guarantee that every single Union member would vote right now in favor of a $50k pay increase in a heartbeat, despite what's going on! Every single one would just as soon b--ch and cry as soon as the doors got closed and be in total shock over it. We have high school dropouts that stand in front of a machine, push some buttons once in a while and they bring in $100k after some overtime. Good luck finding people to feel sorry for us in our current state with facts like that. I haven't had any luck with it. I honestly feel that many outside of GE are now hoping for our total demise. Yeah the CEO's were running the show and made all sort of grand outrageous promises. Made it seem like up was the only way to go. We were all chumps to believe it was possible and the Union used it as leverage to barter a better deal. None of it was real! Like GE was going to admit to all the smoke and mirrors! So they kept their mouths shut, passed the buck along, we won our negations and huge pay raises. Now we're paying for it boys!! It was fun while it lasted, but lets pull our heads out of our butts! It's OVER!!! We'll be lucky if the next contract allows us to keep things as they are.
Let's all just be honest about the union workers... They make 100k a year meanwhile your CEOs walked with almost a billion dollars...that was just one...33 million a year for 17 years plus a retirement of 211 million ... Those bashing the union workers are very small thinkers.... You've been robbed blind with your pensions in the pockets of 5 previous CEOs and they brought rice patty back to slop at the trough again.. Yet all you think about are the union workers.... No wonder it is going down!
Get workers like bad contracts and taking whatever GE says because they are little whiners. As proof look at 273 they voted yes for that garbage local agreement. I think this year GE employees vote Yes to Ratify pension freeze as well as taking away vacation days
Let's be honest. No one is going to strike. Not today. Not yesterday. Not tomorrow. Never.
The union is there to give everyone something to b--ch about. That's all.
@XBGdX4p-vnk I mean, let's be honest. All union workers know how to do is ask for more money, go on strike, and perform mostly unskilled labor poorly.
Union workers deserve to get their pink slips (although there probably is some secret union lingo for a pink slip) after all their years of driving up labor costs by doing less productive work for more money.
Every1 new it was coming, if you didn't prepare its youre own fault
as 4 slackers, I c ur point
Contracting their work out works better for GE. The contracted workers live under the fear that if they don't perform well, they will lose their contract and their entire business by default, Those working in GE have no such fear. Look around, there are actually those who feel untouchable because of their seniority and refuse to be part of the solution because that would take away from their extended lunches and require them to burn more calories than normal. We are in serious trouble and most everybody I'm in contact with doesn't care!
Rumor has it that manufacturing will also be contracted out. GE gets better yield from paying outsiders to work than from what their own schlubs can put out
Rumor has it that operations outside of manufacturing will be contracted out. Only thing that matters is labor on product. If you don’t contribute to that be worried.
Make a stand how? Go on strike?
After the CEO hired R!'ce the rat back for 2 million a year, it would take some pretty big [email protected] to hold back on decent pay increases on the next contract. The "union" needs to be willing to make a stand. Hopefully everyone's memory doesn't fail them again on this contract.