The final chapter has been written $20k for t rates and $80 k for d rates plant closing package. The new plant manager will be here to learn from a broken legacy. The t rates who came back again and again on call backs will wish they had not. The d... — read more 

https://nypost.com/2020/07/11/how-a-power-hungry-ceo-drained-the-light-out-of-general-electric/ Sorry not to see him prison.

https://www.fool.com/investing/2020/07/10/ge-taken-to-court-by-uk-tax-authority-in-1-billion.aspx

https://www.bbc.com/news/uk-wales-53352654 Layoffs every where

Has anyone else heard these rumors ? I heard it from 3 different sources in the last couple weeks that there is a good possibility the entire Schdy plant is shutting down this year and they are going to move the Rnw Energy folks to Niskayuna. No idea... — read more 

https://www.jsonline.com/story/money/business/health-care/2020/07/01/ge-healthcare-lay-off-123-people-wauwatosa-who-opted-not-accept-transfers-chicago-regional-sales-off/5359803002/

https://seekingalpha.com/article/4355853-general-electric-is-making-harry-markopolos-look-like-genius

https://local12.com/news/local/drop-in-demand-leads-ge-aviation-to-layoff-hundreds-of-employees

Get ready for a lot more layoffs for power and insurance. New auditor along with the investigation on GE’s money problems.

Warren Buffett plowed $3 billion into General Electric during the financial crisis, when the industrials giant's financing arm was suffering from the credit crunch. In exchange, Buffett received $3 billion in preferred stock paying a 10% annual... — read more 

GRC lay-off employees can not bump into 273 the t rates stay. 273 can not bump into 66 those t rates stay job security a little longer

I’m sure the number will Rise well above the 44 in due time. It always comes in waves 44 here another 30 next wave. That’s about 20% and that’s sounds about right. Shipping some of the work to Europe and Poland to be closer to the customers. If it... — read more 

Next will be the T Rate hitting the streets again. 190 T Rates out the door. I’m sure the dumb ones will return for more call backs and layoffs.

Slated for sometime July right after the $600 Unemployment stimulus Benifit runs out across the country. I received an email that wasn’t intended for my department. The email stated that “Hourly and salaried are on the covid 19 reduction plan.” It’s... — read more 

I know there is a separate thread for GEA but its not very active. Just trying to verify if the June 17-18 dates that were "unofficially" posted in that thread are still valid? Thanks to all for your assistance!

This one could be much deeper than previous. Wouldn’t be surprised to see a 15-20% reduction in engineering. There is no money for NTI/NPI for the foreseeable future. Thank Jeff Immelt.

Straczik all hands we were told that more layoffs likely. Confirmed by Intile at his all hands mtg that a cut is coming for engineers in Power. We’re also told that some work is moving from G’ville to Hungary, as hourly/rates to manufacture are 7... — read more 

GE Sells Yet Another Division https://www.fool.com/investing/2020/06/02/ge-sells-yet-another-division.aspx

The UK tax authority has accused General Electric of fraud in a $1bn dispute over tax deductions claimed by the industrial conglomerate going back 16 years. HM Revenue & Customs launched a claim against GE in 2018 arguing interest deductions... — read more 

Latest news: https://www.marketwatch.com/story/ges-stock-loses-more-than-10-in-2-days-after-ceo-larry-culp-warns-cash-burn-will-increase-2020-05-29?mod=home-page "$2 billion in cost cutting, and $3 billion in cash conservations actions, not... — read more 

Link here: https://www.facebook.com/photo.php?fbid=1509033979305203&set=p.1509033979305203&type=3

Over the sale of the Edison light bulb factory. Soon Other Factories will close or be sold.

https://www.forbes.com/sites/johnmauldin/2019/10/21/how-ge-screwed-over-its-retirees/#52266bfb2b7e. I was swept up in the wave of engineers laid off (and pushed out as early retirees) from GE Aviation back in 2016. Now I'm watching the problems of... — read more 

I and many others Can not wait for the walking papers. June/July is coming up fast no more sweat shop for me and many of my union brothers.

GE beginning to reduce 25% of its global workforce as planned

https://investorplace.com/2020/05/its-time-to-pull-the-plug-on-general-electric/

https://investorplace.com/2020/05/its-time-to-pull-the-plug-on-general-electric/

Anyone else receive a Class Action Notice against GE in the mail this week? This one is for employees who were invested in certain GE 401K savings and securities since 2011. If true, what a joke this organization has become. Glad I never looked... — read more 

I am afraid GE is using the same tactics used by outsourcers like IBM and DXC. Namely, they will fire you: (1) If you are 40 and above. (2) Make 100K and above. (3) They don't like you. Or (4) Someone did a better job kissing butt than... — read more 

We will all be out of a job sitting home. From my brief interactions with the management team. I can clearly see that their demeanor is off like they know something is going to happen. Like a workforce reduction but they are told to say everything is... — read more 

Trian disclosed their position in GE was worth $6.94 billion on 31 March 2020, when the stock closed at $7.91, Last closing price is $5.50, which would make the same number of Trian shares worth around $4.8 billion. Doesn't that make Trian GE's... — read more 

Is this the breaking point that pushes the company to conduct its major restructuring? T rates are a bunch of babies! They think GE owes them something! If they don’t like it they can quit! Well once all the T rates are gone the d rates... — read more 

https://seekingalpha.com/article/4345997-general-electric-road-to-junk-status-is-opaque

https://boston.citybizlist.com/article/609765

Hey team Larry Culpable called me back for a big event in the beautiful new HQ I built in Boston. I was really good a building research centers around the globe and ensuring each business had hard earned cash siphoned off to support them to create... — read more 

Another long article - https://www.businessinsider.com/ge-stock-price-after-job-cuts-coronavirus-2020-5 General Electric announced it would slash around 13,000 jobs in its aviation division this year to tackle with reduced demand resulting from... — read more 

Since there isn't much work left to do at GE, we could send all of our great minds to the research facilities seeking a vaccine and treatment d–gs for covid-19. They could show the scientists our famous best practices, lean, and Six Sigma techniques... — read more