May 21 (Reuters) - Wabtec Corp: WABTEC AND GE TRANSPORTATION TO MERGE WABTEC - TRANSACTION IS VALUED AT APPROXIMATELY $11.1 BILLION WABTEC - GE WILL BE PAID A $2.9 BILLION UP-FRONT CASH PAYMENT WABTEC - WHEN ADJUSTED FOR NET TAX BENEFIT OF $1.1... — read more 

https://www.reuters.com/article/us-getransportation-m-a-wabtec-exclusive/exclusive-ge-nears-deal-to-merge-transportation-unit-with-wabtec-idUSKCN1IL0OT?il=0

If you’re 20 something, you do not have as much life and work experience. Younger workers pay their dues, work hard, develop their skills, and over time their salaries will rise. I started at GE as a younger worker but as soon as I hit a certain age... — read more 

slavery in GE GDC offhsore outsourcing center in Tech mahindra in India, poor pay harsh working conditions and exploitation laced wit harassment and cheating.

Heard about more layoffs in May. Does anyone know when it's happening? There is still a lot of redundancy in some functions. Quality group at JFK site has 3 Managers (SPBs) to manage 6 LPBs while the quality leader himself is most of the time out of... — read more 

https://www.google.com/amp/amp.wnyt.com/news/ge-pension-schenectedy-retirement-healthcare-costs/4912356/ Love to see Tier 1 crying about benefits, especially the ones who voted in the tier system with no pension and then walked out the door.

A job elimination target of 12,000 was announced several months ago. The company is not even half way to this target. Expect more layoffs to come. I was thinking about this today, trying to figure out how far we are into that number. Unfortunately... — read more 

It’s a strong posting on GE Power about Schenectady.

Found this really interesting. I was honestly shocked to see that many people confident of their job security. Working at GE, I seem to keep forgetting that ours is not a universal experience... — read more 

Is this true GE Locomotive plant in Texas is failing and wabtec wants nothing to do with it.

...said Scott Davis, chief executive of Melius Research, an independent financial analysis firm... The logic is here: https://www.nytimes.com/2018/04/19/business/ge-digital-ambitions.html

Why not shut down all GE factories in Switzerland, Sweden, UK, Germany and France?

Interesting article. https://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2018/05/16/bloomberg-report-paints-dire-picture-of-u.s.-nuclear-power-industry-051601#.WvxKz6QvyM8

There has been very little chatter here lately about layoffs lately. Calm before the storm?

Thought this would be interesting to some of the folks here. It's an old article but even more important today, as all of this only intensified in the last several years. The "Suddenly stupid" part is especially on point... — read more 

Stock has not done anything in the 9 months Johnny at the helm. Trian getting anxious and pushing for new leadership

Full control by GE will now allow it to sell off these assets

Markets become more forgiving and less risk adverse, paving the way for GE stock to climb steadily and away from the single-digit dollar value. Core businesses are stabilizing and opportunities are emerging that suggest the stock is finally... — read more 

http://www.goerie.com/news/20180508/nlrb-rejects-union-complaint-at-ge# Now the layoffs will start soon.

https://af.reuters.com/article/energyOilNews/idAFL8N1SE1JN

This is so spot on to what's broken in our company... https://www.barrons.com/articles/ge-six-lessons-from-a-bad-bullish-call-1525788555

From the article: Couch and Huntington Ingalls spokesman Beci Brenton declined to say who made the bearing that failed. But General Electric Co. is responsible for the propulsion system part, and the Navy program office said in an assessment that an... — read more 

Any good rumors on when rooftops are going to be consolidated?

We are tired of being told it's going to pickup and yet work gets slower. We want to know when locomotive production will end and how many people will be layed off.

Here’s the thing these people on here posting stuff about plant closings and layoffs that they know are going to happen, if they are so sure they are happening they are complete morons to still be working here “can’t wait till the doors close.” Talk... — read more 

We KNOW that there will be layoffs. Why no inclination whatsoever from the union or management as to how many and where? I wonder why MORALE IS SO LOW.

At the Schenectady campus he seems like a no holds bar type of plant manager. He straight up said “ he want his workers to go home tired” Well I wake up tired from all this stress and this unneeded BS from the management staff. Can’t a factory worker... — read more 

I was laid off this time last year, and was told by my very trustworthy HR talking head that I would be entitled to a partial bonus for working 1/3 of the year. I was wondering if anyone on here that was laid off last year has heard anything on this... — read more 

It is time for Justice department to look into Jeff Immelt and his entire staff including John Flannery and charge them just as the Ex CEO of Volkswagen is being charged today.

Mas layoffs and cuts company wide as restructuring all businesses are top priority is what I have been told. Power sector facilities will take the biggest hit and is in a world of manure. Good luck! So much for a stable career right?

Has anyone else heard the rumors of layoffs in R2R? I heard it was in all 5 centers, can anyone else confirm?

https://www.bloomberg.com/news/articles/2018-05-03/ge-falls-to-third-in-global-gas-power-sales-as-mitsubishi-surges Hey, Russell you worried about your job now ? Read this and wait for the call form Johny GE drops to third in global GT sales , Qtr 1... — read more 

Times have changed at GE so freaking much. I used to like working here. Not so much anymore. Especially not with the eternal axe hanging above my head every single day. Anybody believes that a time will come again when we we will be able to stop... — read more 

https://asia.nikkei.com/Business/Companies/Mitsubishi-Heavy-to-shrink-power-business-before-orders-run-dry "Manufacturing of combustors and other parts will move from the MHPS factory in the state of Georgia to the company's other U.S. plant in the... — read more 

http://money.cnn.com/2018/05/02/investing/ge-subprime-mortgage-bankruptcy-wmc/index.html Why on earth was this not discussed at the recent earnings call and shareholder / board meetings. Yeah, GE announced they put money aside for the potential fines... — read more 

Anyone have experience with this? GE is seeking remuneration since I left after 18 months but the contract isn't explicit in timing ('12 months of the expiration date of my relocation' which I interpreted as last disbursement date). I've never heard... — read more 

The overwhelming impression I've been getting lately is that we are closer than ever to being broken up. It seems to me that every move is geared specifically to that purpose, even if it's not being disclosed as such. Anybody else feels this is... — read more 

GE's stock falls, on track to erase entire post-earnings rally General Electric Co.'s stock GE, -0.14% dropped 0.6% in afternoon trade, putting it on track to erase everything it gained after the industrial conglomerate reported first-quarter... — read more 

The numbers are being crunched by the new plant manager and staff for an hourly layoff. Salary manufacturing may not take a hit this time. How many hourly will be cut and what job codes will be affected?