No layoffs for Greenville or Schenectady, both facilities were informed to call back the skilled work force. Both facilities were given very detailed and strict instructions to hire more workers. GE Power predicts mas quantities of work coming to... — read more
Pivot to renewables
There is a large scale pivot to renewables that make the products that Schenectady and Greenville build less relevant now. Just one customer, Duke, is adding 3GW more of solar and wind capacity this year, and no gas turbines. Nearly all of the large... — read more
Schenectady is in for it.
A lot of people hope they close both plants. No more 2 pay scales no more crying like a little kid. I herd the new plant manager in Schenectady closed 2 facilities in upstate already. Looks like Schenectady is in trouble! They worked themselves out... — read more
How to move GE 401k to new employers 401k
I was laid off just over a year ago from GE and want to combine my money from my ge 401k with the one from my new employer as my one year “protected status “ is over and I believe I will get charged fees on the ge 401k. I can’t get the money... — read more
New intelligence just in
Greenville and Schenectady are working these plants out of work. Sooner than you think the plants will close for good.
Where's Johnny????
No Friday late afternoon video from John. Must have taken a break from the show this week. Hopefully (not), he and the rest of the entertainment will be back next week
Anybody have inside info on GE transportation Erie.?
We hear that Wabtec was interested in GE transportation but what will they do with the GE ERIE plant?I would guess they are still moving all locomotive operations to Texas. I guess we are tired of waiting to know our fate.are work is slowing down... — read more
Schenectady layoffs
There will be 225 layoffs on May 11th. These will be announced by your new plant manager on May 4th at your meeting. Im just a lowly office guy who overhears people talking. What do I know? Any chance there is any truth to this? Or is it somebody... — read more
GE HR is incompetent.
They are so incompetent it is breathtaking. First layoff paperwork says getting income assistance if apply for unemployment. Do that and apply for income assistance and told get severance. But not requester lump sum severance and they did not take... — read more
Here is cost savings for Flannery ..bring it back
For those of you that remember this ...remove the "reply all " function from all GE employees in outlook. I remember that brilliant cost out idea. You know too many emails cost the company money.
Still retreading. Richards named VP Audit
Guess they just don't get it. Time to throw out the old and bring in the new. And in this case even more so. Why would anyone appoint the new Corporate Audit Staff from inside? GE is being scrutinized up and down. They should have brought it someone... — read more
Local 301
How many Union guys are going to sever ties when they get the axe? Who is looking forward towards getting laid off? Who likes working in 273? No matter what you say the gauntlet is coming!
Spare Jet Investigation
The spare jet investigation should not be this difficult. Simply ask the pilots who instructed them to fly. We are paying Flannery $Millions and he can’t offer this simple transparency?
Where are you now, John, Jamie and Matt? Stock price way down
Great that you talked up a storm on Friday and Monday as the stock moved up after your comments. But, now the stock has given up all that gained and more, what is driving that and what do you have to say? Maybe people understand the implications of... — read more
May 2018 For The Local IUE 301
May 2018= Plant Closings? 300 layoffs May & October?
Schenectady IUE Local 301
We are tired of wondering. How many layoffs and when?!
I bet No more layoffs
Profits are down 70% GE Power only made less than one thirds of cuts out of $3 billion. GE Power made profit of $273 million in 2018 first quarter but compared to 2017 $437 million. Will the GE Power have more layoffs?
Gee this is a surprise KPMG , auditor for GE and Well Fargo
https://www.google.com/amp/s/amp.ft.com/content/832d9f5a-470b-11e8-8ae9-4b5ddcca99b3 I see our friends at KPMG are being asked hit the road at Wells Fargo as well as their auditor. They are not independent auditors they are crooks like GE leadership!
GE laid off another 724 workers
A customer told me yesterday on the turbine deck that GE just laid off another 724 workers, but am not sure where or when. He painted a pretty bleak picture. Any more info on this? Was this in one go or in small increments so that it would go... — read more
GE's BWRX-300 Small Modular Reactor ... nuclear to be cost-competitive again?
Looks like the engineers in Wilmington are innovating even while the nuclear industry is struggling. BWRX-300 sounds pretty exciting and makes the competition look expensive... — read more
Flannery update - Six Sigma, Lean?
What are we back to the Jack years? That will only drive monotony, authoritarian control and fear. Come up with something else and actually stick to it as the company really never deployed Six Sigma or lean, it did talk a lot about and made pretty... — read more
GE's Key Plan is Selling Off Businesses and Focusing on Rigor.
Businesses for sale or recently sold as part of the $20B in asset sales. Current and Lighting... Europe, Middle East and Turkey along with Automotive Sold in Q2. NA/ Asia Pending to find a final buyer. Industrial Solutions... Expected to close in Q2... — read more
GE Is in Talks to Unload Rail Business in Deal With Wabtec
Bloomberg News April 20, 2018, 1:40 PM EDT General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail equipment maker Wabtec Corp., according to people familiar... — read more
GE stock higher on earnings but who can believe the numbers?
GE released its earnings this morning. Apparently beat expectations and showed good strength in its businesses. Do you believe the numbers that were released? Why would anyone with all the prior news related to poor internal controls and systems that... — read more
NYT: G.E. Makes a Sharp ‘Pivot’ on Digital
Is this the end of road for Bill Ruh? " A smaller G.E. might not need a stand-alwone digital unit. Some analysts recommend putting all the software in the industrial divisions, like power and aviation, closer to customers. “San Ramon shouldn’t... — read more
Upstate NY management staff pushing junk out the door
Why Is pushing what orders we have left out the door. No regard for quality, cell leaders are pushing quality staff to let stuff slide in final assembly. What trademark stamp will this leave for the NY plant? To get as much work done before the mass... — read more
More layoffs to come soon
More layoffs to come soon because of earnings shortfalls Will hit both Greenville and Schenectady Union is irrelevant, its the balance sheet that counts and GE just isn't cutting it Too many facilities, with bloated management, Atlanta and Alstom... — read more
Delta Airlines Jet Fire... Is this another GE Engine?
Delta Airlines Jet Fire... Is this another GE Engine?
GE Power is about to land a super deal-Lots of work on the way.
Reliable sources say a 27 unit super deal is in the works for a German Country Liechtenstein. Liechtenstein likes GE Power products and reliability over Siemens products. This deal will be finalizing very soon. This deal will save GE Power’s... — read more
Good Old Thomas Edison Is Turning In His Grave
GE’s Power Management staff couldn’t manage a pile of dog waste out of a brown paper bag. So Sad. Then they try to blame the workers on the floor The good old fashion pass the buck routine blame someone else for your mistakes! Harassing badgering of... — read more
FUTURE OF NUCLEAR IN US
https://www.cnbc.com/2018/04/17/exelon-official-no-new-nuclear-plants-to-be-built-in-the-us.html
Prediction
Johnny come lately Flannery will need to make some more sweeping tough decisions this year. Cash flow is going to look like crap for first quarter. At some point he will need to reduce dividend again. Maybe he should just get this over and generate... — read more
GE ERIE seems to be dying
No work in building 10.No parts.Temporary lack of work given.Expect layoff notices soon.Many management leaving.
GE Power = Failed Company
GE power numbers are horrible and earnings and cash fl0ow dropping another 88% over last year Two decades of bad management and what power has become under this is the reason GE Power used to be a real cash earner but now cant make money with present... — read more
Is the Electric City Doomed?
Hopefully Flannery and Stokes will pull the plug on the Schenectady campus once and for all. The electric city is doomed! Those self inflated ego driven management staff of the past 2 years broke down the union with deception, lies, and harassment... — read more
GE SELLING JENBATCHER UNIT ?
https://www.barrons.com/articles/ge-rises-on-potential-deal-for-jenbacher-unit-1523982069?mod=hp_SF
GE Jet Engine Blows Up On Southwest Airlines Flight With Woman S---ed From Plane
A Southwest Airlines flight was forced to make an emergency landing in Philadelphia after one of its engines suffered a major mid-flight failure. The failure, which caused the front of the engine to disintegrate, sprayed shrapnel that penetrated the... — read more
Upstate NY is in for a ride
Glad I retired but I know a lot of union and salary employees and they all say the same thing. LAYOFFS! 2 more waves of layoffs coming the first was in January the second is in Late May and the third is in September.
There Will Be Layoffs Every Year.
There will be layoffs every year that GE exists. There, that should take care of 50% of these "When will there be layoffs?" posts. You're welcome.
More Cuts Coming Soon
GE just restated earnings and stock dropped as analysts say GE Power expected to have another earnings shortfall. This keeps on happening because GE is pushing overly ioptimistic estimates rather than telling the truth More job cuts to come soon when... — read more