Credible rumors this last week that Global Operations is being sold off in pieces with Genpact, PwC, Capgemini, Accenture and others bidding for the various parts. In advance of this, several executives in GGO have been given early retirement... — read more
Global Ops: pure mismanagement mistake
The idea was from J.R the story on how it happened was shared by himself during a meeting. Basically he got the idea one morning and shared It with J.I. 3 days later he was asked to move to Hong-kong for execution. No research no DD was done. How on... — read more
New Slate Running Against The Current Union Leader Ship
The Company Presses Us we walk The Company Starts A Paper War We Will Walk The Company Plays Hard Ball We Will Walk! The current leadership has no guts. They are letting the company walk all over us. Vote for the Sleeper Slate
Good This Company Deserves It!
GE Earnings: Picking Up Speed or Just Rolling Downhill? Analysts parse GE's second-quarter earnings, which sent shares lower at the end of last week, and the industrial giant loses one long-time bull. I hope it keeps going downward!
GE is fallowing the path like K-Mart did. I Say Good for Corporate Greed!
Billionaire Ken Langone, one of the co-founders of Home Depot (HD) and a former General Electric (GE) board member, said bad decisions from the top led to GE’s fall from grace as one of the great American conglomerates. “I think a bunch of people... — read more
Ya Schenectady GE Makes Junk and Saudi knows it!
https://uk.reuters.com/article/uk-ge-saudi-exclusive/exclusive-general-electrics-power-unit-faces-threat-in-saudi-arabia-idUKKBN1KD2AU
So Nuclear Power Plants have an unlikely future
Well sounds like Schenectady has an unlikely future with people like first shift bar shop ops leaders running the show. This show isn’t getting an Emmy Award anytime soon. Just pink slips for all.
Equality at the 301
D Rate has pension, makes $20k more a year base. T Rate couple of the t rates have a pension the rest do not. We make $20k less base and we have to put $60-80 a week in 401k to even come close to 8% for retirement Both pay scales have the Cadillac... — read more
INTERESTING ARTICLE ABOUT FUTURE OF NUCLEAR POWER
https://www.wabe.org/study-us-unlikely-to-see-new-nuclear-power-anytime-soon/
301 D Rates on the block
I want to propose 301 negotiate with management that layoffs are determined by employee performance and value to GE long term. If the company needs to cut 200 hourly jobs to save cost, cut 120 DRates. You will save 80 jobs for people that will work... — read more
GE is a great company, if you don’t like it leave
I love listening to all the people here b--ch and complain about Ge... well if it so bad why don’t you all just leave???
GE WILL NEVER LEARN FROM IT's MISTAKES
I believe GE's cost cutting initiative is "penny wise pound foolish or dollar". They spent tonnes of money to bring cheap labor from overseas on L1 and once the GC was processed, every one of them kicked GE and left the company for greener pastures... — read more
WE HAVE BECOME...... COMFORTABLY NUMB..........
General Electric leadership attempts to motivate people via the constant threat of losing their jobs. Instead of providing true leadership, GE leaders try to make GE plants compete with other GE plants for jobs and project funding. Not a good team... — read more
GE did bring many good things to life
Don't dump on the entire company for the mistakes of the few at the top for not seeing the shifting landscape in power gen. Apparently all the bad leaders are replaced by good leaders. AT&T missed the boat on wireless and internet by staying with... — read more
How far will the slide go?
Closed below 13 today. Who takes the bet against it hitting 10 real soon?
What ya say JOHNNY
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bloomberg.com/amp/view/articles/2018-07-23/ge-earnings-investors-deserve-more-transparency&ved=0ahUKEwiGse6BsLbcAhVHPN8KHV1YAA8QqUMIRzAC&usg=AOvVaw1gWSlNzAk2zjXxXyYeNqT9&cf=1 — read more
We're not even close to being done
Layoffs and re-organizations have not really even begun. The layoffs in GGO have not even started to happen in mass as there still is a $500 million cost out/ layoff target there. This. Don't fall for the whole "reorganization is over" propaganda... — read more
Back to Schenectady tomorrow hopefully my last 2 weeks
Friday the all hands meeting Stan the closer will announce his first of 2 layoffs. The numbers game has pulled your seniority list 230 out the door from the bottom up! So bottoms up the games are just beginning for the next 6-7 financial quarters. No... — read more
Wabtec probibly scratching there heads when the see how GE tranportation is run.
No wonder GE is in bad shape.GE transportation in ERIE has 200 to 300 people on temporary lack of work while the workers that are there are working 12 hours 6 days a week.Wabtec won't run tranportation like GE.
What happens to the Omlp, fmp etc?
Once HC, BHGE are out of GE, what happens to be FMPs, OMLPs etc? All of them will be absorbed in the remaining GE units?? Would that mean more layoffs to the existing people there? HR should clarify things really
NUCLEAR FUTURE
Any one knows what is going on at GE Nuclear division at Wilmington, NC these days? Any thoughts?
WSJ Coverage (July 20th 2018) - Dead Money!
https://www.wsj.com/articles/ge-will-be-dead-money-for-a-while-1532101453 The Wall Street Journal U.S. Edition July 20, 2018 GE Will Be Dead Money for a While Quarterly results left Wall Street disappointed and signs of progress in the power division... — read more
What is GE C-Suite to do once all businesses are sold, all employees laid off?
It's a rhetorical question. Thoughts?
$2.6B in headcount reductions per earnings call
From Earnings report today... Most of these will come from GE Power. 15k - 25k more jobs based on where they are located. They are only done with 4-5k of original 12k announced. If you think cuts so far have been bad, imagine twice or three times as... — read more
I want out
Can I get laid off while there is still money for severance? The way things have been going, I'm scared that soon we'll start hearing that GE has decided not to offer them anymore. After all, it's not something that is mandated by law (at least I... — read more
Earnings call Flannery announces cost out will never end
Cost out will never end that is until all the businesses are gone!
GRC mass exodus
anyone else hearing about some orgs losing people in record numbers?
very interesting article ...what could the GE board done differently
https://hbr.org/2018/07/what-ges-board-could-have-done-differently They needed financial committee overseeing key decisions like stock buybacks, and M&A activity Fire KPMG , get a new auditor They were not looking out for shareholders or employees... — read more
Schenectady union and company are....
In Negotiations to get a severance package together to try to get anyone who wants to leave on their own out the door. Not true! The company could save millions by just laying off from the bottom up! You hold high standards for this job and union... — read more
This is getting rediculous
How many people can be laid off in certain locations and still have them function? How many full-time jobs can a single employee do in eight hours of one day? With the latest layoffs and no filling of the positions, it certainly looks like GE is... — read more
GE leadership, hurry up and give us the coup de grace
Employees know it's coming, just do it already! Give us our packages and send us on our way.
Schdy hourly layoffs
What is going on?! How many? When is the announcement?!
GE CEO to slow to react
Re-structuring is done. The three verticals are in place and the others have been sold off or in process of creating new companies. The internal restructuring is just getting started. That won't be complete to end of 2019 beginning of 2020. When all... — read more
GE Announces Restructuring is Complete. Really?
Does anyone believe restructuring at GE is complete? Has GE restructuring ever been complete? GE is well known for its endless layoffs and “restructuring”. I cannot count how many reorg after reorg charts I have seen since my tenure at GE. In fact... — read more
Nothing like playing games
As in the past GE will try to make its commitments. In this case a smaller HQ. Guess what, moving the Research organization to the Aviation business sure fits the bill. Does it reduce overall costs, maybe, maybe not. It sure does reduce the HQ cost... — read more
USA TODAY ARTICLE
https://www.usatoday.com/story/opinion/2018/07/15/ge-ceo-welch-oppose-editorials-debates/36895027/
T Rate = Subpar Pay, 401k, Garbage Healthcare, Union Dues
You can go anywhere and get treated like Garbage, Get garbage Pay but you won’t have to pay a weak union. The unity in 273 is gone! Company has won and the union is on its way out. No Balls!
Meanwhile as I wonder if I’m going to have a JOB
I send out resumes and applications, save a prepare for the worse at the Schenectady Campus. I go to work at my tempary job hence the T in T Rate. I here the rumors, I see and work at a depressing JOB day in and day out. I see short cuts on methods... — read more
NOW, I've seen it all. GE one of the top places to work at
Who comes up with this BS. The majority of people who work at GE know that it is not a top place to work at. Peasants vs Executives does not create a conducive work environment
Comment here if you just love the ridiculous meetings ...
How many of you enjoy those monthly meetings with senior leaders where they inform you absolutely nothing yet feel obligated to hold the meeting and tell you that they are holding them to ensure you know the status of what is going on.