https://www.google.com/amp/s/seekingalpha.com/amp/article/4231129-general-electric-billions-industrial-debt-held-ge-capital
Layoffs coming in January
People are saying at the office that there will be no reprieve for us and that more layoffs will take place as soon as second half of January. I keep hoping this is not true, but looking at history, this is more likely than not to happen. If anybody... — read more
Waiting for your money
Once you leave you may have to follow up a lot to get all the money GE owes to you...the full and final settlement, gratuity etc. I left 2 months back and I still havent recieved all my money...for me GE is already bankrupt...bankrupt not just due to... — read more
Thinking of leaving
I'm really close to accepting an offer and giving GE my two weeks notice. Any ideas what kind of process am I looking at before I'm free to go?
Happy New Years To All
May 2019 bring corporate joy$ and more layoffs. There is hope left that my number gets called next for the ax.
The GE Healthcare IPO is just a short term play for cash
I agree that the deal itself will net some theoretical added value and cash to GE parent. However, the added value will quickly evaporate after the transaction as Healthcare’s cash flow gets diverted to debt and pension payments and GE Corp level... — read more
Big Meeting In Boston Yesterday
Big meetings on aggressive restructuring on a faster pace took place yesterday. The grumbling and rumors in the headquarters and offices is that everyone is pushing down the food chain. To the tune of aggressive labor cuts and plant closings in the... — read more
Left standing will be all the businesses spun off
Left standing will be all the businesses spun off. They will be free of the GE's HR Uber Alles culture and able to focus on their products, sales and future. The scrubbing outside investors give the spin offs before they are spun will leave them... — read more
The entire game is about cash and debt.
The entire game is about cash and debt. GE Corp gets to reduce the percentage of debt remaining with the other parts of the firm by loading up Healthcare with Pension obligations and corporate debt. This benefits the overall company excluding... — read more
A turbulent year is behind us. What’s in stall in 2019?
I believe that many of you agree that this has been the worst year in GE’s history, so I'm am pretty glad that it’s ending. Also, the uncertainty is far from over, as we await the moves of the leadership and the consequences of those moves. I would... — read more
How does the GE Healthcare spin-off work?
Pardon me but Finance 101 is a bit rusted here. Isn't GE supposed to hold 51% of Healthcare and sell the remaining 49% o n IPO to maximize value? Why sell 20% and spin the rest to shareholders? How is it going to maximize value beside transferring 18... — read more
What will still be standing in five years?
With the new year ahead of us and all the changes (spin-offs and closings and sales) that happened this year, how different do you think General Electric will look in five years? I know the company will still be standing, but I'm thinking it will be... — read more
Big year- big breakups
I agree with the author of the article that 2019 is going to be a big year, but only in terms that we will be witnessing big shifts within the company. If 2018 was the year of uncertainty, 2019 is going to be the year in which we will get the... — read more
All hope is lost cause it ain't just GE
Lendlease today announced that William (Bill) Ruh, has been appointed to the new role of Chief Executive Officer, Digital. Really? GE used to promote bad apples and sometimes harassers, rule violators to bigger roles but this is ridiculous. If ever... — read more
This article states that more layoffs likely for GE Power& Schenectady
https://www.timesunion.com/business/article/GE-charts-its-future-through-turbines-and-software-13487137.php Read the whole article and just about halfway point. The writer thinks there will be more restructuring/layoffs for Schenectady. No 9 week... — read more
Where art thou ???
Where are all the "leaders" from CAS. Have they hidden their tails between their legs. This is the time to show your "real" leadership rather than create some stupid powerpoints. Check LinkedIn and you will see that half of these leaders have switch... — read more
Rumor has it that Schenectady has a ton of work lined up
I don’t see it? Or is it a ploy to keep the membership working and motivated until the next layoff?
GE Power is only the tip of the iceberg
GE is now essentially comprised of 3 Tier-1 businesses - GE Power, GE Renewable Energy, and GE Aviation. We all know how GE Power is the supposed problem child. I submit to you, dear reader, that GE Renewable Energy is right behind. I can't say for... — read more
GE Nuclear Legal Happy New Year
Since the nuclear ceo puts out phony video messages about there being no problems in Nuclear Legal To those still left at GE Nuclear Legal we just want to wish you the best of luck in 2019 finding something better like all the lawyers and staff... — read more
The moves that will result in fewer manager jobs
Here are the moves under way company wide in the last year which will result in fewer manager jobs and is why they are looking for greener pastures. -Current Spin Off -Lighting Europe Sold -Lighting Americas for Sale looking for buyer -Lighting... — read more
Does the management know something we don’t?
Why does management still leave at a fast pace? Do they know something we don’t? Did they get a company email stating the worse is still to come? I bet my T Rate Paycheck that More Layoffs are coming. Also I bet next weeks paycheck that the plant... — read more
After 126 years the Peterborough plant closes its doors
For many familiar on the subject, this doesn’t come as big news, given that the shut down of the Peterborough plant has been announced in 2017, but it still was sad seeing all those people that lost their jobs. My heart and prayers go to them and... — read more
All we get for Christmas is a stock market drop.
Dow set for drop following its worst week in a decade https://www.cnbc.com/2018/12/24/us-stock-futures-fall-slightly-as-the-dow-attempts-to-rebound-from-its-worst-week-in-a-decade.html KEY POINTS Dow Jones Industrial Average futures implied a drop... — read more
Idea for one tier system
What the company should do is go back to all d rates but get rid of anyone d rate or t rate that doesn’t have a degree or trades school. You’d get rid of most of the stupidity here and get more work outta less people who can actually function. Let’s... — read more
GE files paperwork for the IPO of Healthcare
The efforts of the GE leadership to spin-out the healthcare by an initial public offering have been unofficially confirmed. The Author of this article claims that, according to insider info, GE filed confidential paperwork for the IPO. The IPO is... — read more
An Open Letter to my GE Friends and Colleagues . Really?
While it is stated we can learn from history, the lesson and reference here is lost just as it was when JF referred to Apple's low stock price. GE is mired in unethical behavior, improper accounting, poor treatment of employees and the communities in... — read more
The China Syndrome
https://mobile.reuters.com/article/amp/idUSKCN1OJ1VN https://mb.ntd.com/the-us-launches-an-anti-espionage-war-against-china-over-intellectual-property-rights_268261.html/amp https://www.eenews.net/stories/1060110053
Aviation to send work to Schenectady NY Campus
2019 is shaping up to be a heavy year for 273 and Schenectady. Layoffs will be over and the facility should be running like a well oiled machine again.
CEO AT WILMINGTON, NC TODAY
Did he meet employees or any other news?
Plant manager out?
Heard Kraus left today from the Greenville site?
Altria is taking a 35% stake in Juul, valuing the e-c-gare--e maker at roughly $38 billion. and GE?
e c-gare--e maker valued at more than 1/2 of GE? things are really messed up
Interesting analysis
https://seekingalpha.com/amp/article/4229041-ge-just-facts-maam
GE is the Worst Company of the Year (again)!
For the second year in a row, Yahoo Finance readers have chosen General Electric (GE) as the worst company of the year. One look at its stock chart explains why: shares are down almost 60% for the year. Out of all companies in the S it was until June... — read more
To bad this T Rate only has a 401k plan and missed the pension cutoff date by a month.
https://www.bloomberg.com/news/articles/2018-12-19/retirees-thought-ge-would-take-care-of-them-forever-it-didn-t I just missed the pension in 2011 just like I missed the $10 hour pay cut. Soon I will be at the unemployment line like the rest of the... — read more
Look out GE Power in a whole. Layoffs are coming
GE Power Conversion 197 jobs to go by end of Q2 2019 at the Rotating machines in Rugby, England. A 130 year old factory with expertise in naval motors. The company wish to move the work to France, initially, but suspect final plan is to move the work... — read more
Spot on assessment
https://www.cnbc.com/2018/12/19/ex-ge-director-ken-langone-blasts-fallen-giant-as-unfortunate-disaster.html
Get rid of almost all of GE corporate roles
When GE stopped lending money or financing everything they did the gravy train of printing money stopped at GE. If you look at GE competition in the power market they are still helping with financing of projects or lining up partners. GE has been... — read more
GE Nuclear Legal A soap opera
I saw post here about GE Nuclear Legal and I asked my friend who works there about it. She said that it’s terrible. Basically the whole department has turned over and no one will work for the general counsel. One lawyer only lasted 6 months and two... — read more