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Looking for confirmation from my smart GE friends to see if a pension freeze for someone retiring in 20 years is equivalent to a 11-12% pay cut. Here is what I had to do to estimate this since GE does not want to share the old pension estimation... — read more 

I want to know why Immelt and a few others are not in jail for the way they ran this company? Jeff, you S—ED.. You destroyed this company with your behavior, attitude, the way you wasted money. Are you that damn arrogant to feel you did nothing... — read more 

Pension buyout 2 years ago by Anonymous | 8603 views | 4 reactions (+3/-1) | 29 replies (last 25 minutes ago) Link - Post ID: : @RC0a14T Are GE pensions secure? If things go wrong, are GE pensions secure? 2 months ago by... — read more 

Do you think we can claw back some money from the CEOs that got really rich while doing illegal stuff and destroying it for all of us? It must be tens of thousands of people are suffering because these CEOs decided to cook the books in order to get... — read more 

Well here again a global workforce with only US workers taking the hit for past Corporate incompetence. And; only salary people being affected as the hourly employees union negotiated pension benefits into their contract. So at least another four... — read more 

New execs, no carrot: Employees who become executives after 1/1/21 For new executives starting in 2021, GE will provide a new defined contribution plan benefit that restores contributions limited in the 401(k) plan by the Internal Revenue... — read more 

GE Executive Retirement Benefit (ERB) - About 700 execs affected: Beginning 1/1/2021, affected executives will begin participating in the Executive Retirement Benefit (ERB), an installment retirement benefit currently offered to new executives... — read more 

20K Impacted - Benefits Frozen Effective January 1, 2021, the U.S. GE Pension Plan benefits for eligible employees with salaried benefits will be frozen. Benefits accrued through December 31, 2020 will not be impacted by this change. Affected... — read more 

https://www.businesswire.com/news/home/20191007005406/en/GE-Announces-U.S.-Pension-Plan-Actions

So now All OPS Leaders will have there desks on the floor in there areas. This will be great for the LAZY people. Also now we will see how much management don't do.

Here it goes, from Barron's: GE CEO Opens Up About His First Year at the Helm — and What Comes Next https://www.barrons.com/articles/ge-ceo-larry-culp-on-his-first-year-at-the-helm-and-what-comes-next-51570044659 General Electric CEO Larry... — read more 

GE recently restructured its renewable-power unit—a change made by new CEO Larry Culp. The unit now includes renewable assets such as wind, as well as the company’s grid-power-transmission business. To be sure, not all is fixed at GE Power. Gains... — read more 

The plan will be diversification of the 3 money makers and restructure power. First he must slow/stop free cash flow. Second bring in fresh cash to ease investors. Third fix the huge pension issue. Fourth layoff more in power and continue the... — read more 

Why the stock keeps going south?

Well Strazik was asked a question about the attrition rate. In his normal monotone emotionless manner said it was 6%. Then he went on to state that even though it is high it will help curb some of the future cost cuts. Really! Well news bulletin Mr... — read more 

$7 Million PER YEAR for a Monogram on a Celtics jersey, yet I am being let go in a cost savings effort!! What a sensible leader could do with $7 million–

I’m sure all the laid off union members will be getting called back before the holidays. Orbit pay and OT here I come. I am going to work 30 days in a row on orbit pay to be better prepared for the next wave of layoffs.

https://www.cnbc.com/amp/2019/09/19/nelson-peltz-on-general-electric-trian-made-big-mistake-on-ge-stake.html

GE in Peterborough Canada not only poisoned their employees but also hundreds in the local community by selling sc-ap asbestos for them to put in their attics. There are widespread cases of cancers in the former employee population as well as the... — read more 

Along with calling back the members on the layoff list for a short time. Then again More Layoffs to come! The company makes some appeasements to the union for now. Then the company will continue to restructure power. Still waiting for my walking... — read more 

https://www.reuters.com/article/us-baker-hughes-ge-indictments-alaska/grand-jury-indicts-ges-baker-hughes-for-exposing-workers-to-toxic-chemicals-idUSKCN1VX2EL

Funny how the Contract was approved and call-backs are underway and this site has nothing regarding what good the Union did? Must be the naysayers are too busy eating crow to talk? Feathers coming out of their A**?

Like watching a movie in slow motion.

https://qz.com/work/1635960/whatever-happened-to-six-sigma/

Why this GE solar spinoff in Schenectady is planning for big growth after BlackRock investment? The company is moving the profitable part out of our campus. Only to close the sinking ship once and for all.

I am really sick of the toxic work environment in O&G (from leftover finance folks), who fit the title. Does HR even care to change despite repeated complaints. I am hearing most of the CASholes have either left or kicked out. It is time GE... — read more 

Hello - I do not work for GE but I am gathering info on different types of Severance Packages large companies offer nowadays. If someone feels comfortable with sharing this info, please reply to this thread. Thanks!

I read an interesting news story a week or so ago about a GE Aviation manager who embezzled $470,000 over a few years from the company. I was thinking, how in the world could this happen? Is nobody watching the store, so to speak? Of course not. It’s... — read more 

Are they closing the plant down? Some machinists were let go.

People keep mentioning it, is it true? Which locations?

"What GE paid in dividends and spent on share repurchases bore no relation to its actual profits. That’s because it used much of the over-$200 billion in proceeds from asset sales to fund gigantic outlays for both. From 2009 to 2018, it spent roughly... — read more 

Why no posts here for GE global operations Cincinnati layoffs?

The understanding is that our pension, because of the way it is set up, is guarantied by the Fed up to $5K a month. That being said, if they file chapter 11, they can reduce our amount, and the amount of the reduction will be just gone. The Fed... — read more 

Just curious - Is GE PPA/VPA taxable?

Just in time for all these call backs GE Power is doing in NY. Here in Greenville not so lucky. https://www.bloomberg.com/opinion/articles/2019-08-23/trade-war-manufacturing-recession-pressure-industrial-companies

Or does any job sounds better than working at GE right now? Walmart cashier? McDonald's fry cook? Anything has a better ring to it than anything related to GE right now...