In the coming weeks the Schenectady Plant and campus will be occupied by swarms of environmental agencies and environmental law enforcement personnel. An anonymous tip to the NYS DEC has opened up a full-on 3 month search of the campus and plant to... — read more
GE leadership simple does not get it!
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1HC313 Yeah, KPMG should be tossed. How on earth does the board and GE leadership think they are doing a great job. You are under investigations by SEC. OBTW this is not the first... — read more
Short time working GE Stafford England
Shop floor workers asked to reduce hours without pay.manager threatens to take away flexible working hours if they don't agree. Hit the lowest paid as usual
GE to restate two years of earnings by April 13
How far will the stock fall now? What does this do for the pension funding? CNBC General Electric said on Wednesday that it planned to provide restated results for 2016 and 2017 to reflect a new accounting standard by April 13. The updated accounting... — read more
General Electric Peterborough toxic workplace update April 18th
Update on employees harmed with some killed by working around more than 3,000 toxic chemicals used at GE in Peterborough. The company even gave asbestos insulation out to the local community to put in their homes as insulation. .... Peterborough... — read more
Flannery and Stokes are making good changes for the workers
Going to be calling back 90 union workers a reliable source tells us. Things are turning around fast Flannery and Stokes are doing a great job at the helm. They realize more workers are needed.
Schenectady Layoffs
So now that the new plant manager is coming on.....how many hourly layoffs and when?
Thought this was interesting
https://www.bloomberg.com/view/articles/2018-04-02/jeff-immelt-isn-t-to-blame-for-ge-s-stock-woes Initially when I worked for both Jack and Jeff in various roles, I thought the same thing Jeff got handed a turd. Sorry, but he had 17 years to... — read more
OPIndia Article Enlightening.....
Very interesting......Certainly a win/win situation http://www.opindia.com/2018/02/who-are-jeff-immelt-jeff-zucker-and-why-is-prannoy-roy-trying-to-shield-them-from-being-questioned-fraud/... — read more
GE Healthcare to sell IT unit to Veritas for $1.05 billion
General Electric Co’s (GE.N) healthcare unit said on Monday it would sell its information technology business to private equity firm Veritas Capital for $1.05 billion in cash as it sharpens its focus on smart diagnostics and connected devices. The... — read more
Why all the GE Power People are Here
While natural gas and coal continued to lead U.S. electricity generation, both declined in 2017. This marks the first time since 2008 that generation from both of these fossil fuels dropped in the same year. At the same time, renewables – especially... — read more
Avoid HR People
HR works for the Company, not you - that's the first thing you must understand. Such a pity they are paid just as good as those who actually do real work and are probably one of the last to get laid off. HR at GE is also a disaster, basically another... — read more
Dear Flannery
You can only cost cut, "value" engineer and offshore for so long. Eventually your competitors will invest in people and technology instead of buybacks and kick your behind.
WHY IS GE NUCLEAR IS STILL IN BUSINESS AND NOT DIVERSIFIED?
Have no potential for new business in near future. Marginally operating. Remaining assets could fetch good money if sold to the right company.
GE Research layoffthis year?
GE's sharp cut of spending cannot be acheivable with these high-salaried folks working at an org where no revenue is made. I think it is matter of time but dont know when it will be. Any clue?
Do not post your grievances on this site!
Your local HR rep will talk you through any misunderstandings you might have. We are here for you!
Stay away from HR!
In case you didn't know this already (like apparently the idiot that I am) do not go to HR with any issues you might have pertaining to your boss. Just don't. They are not there to protect you or help you in any way, no matter what they say. Company... — read more
Equifax names former GE executive Mark Begor as CEO
Oh boy. As if Equifax wasn't in the dumpster already. Now they bring in a career GE finance guy? We all know what that implies.
Big announcement for upstate ny GE Power
The focus of the announcement is unknown but sources said it is not good for upstate ny.
Bloomberg | GE Investors Can't Count on Warren Buffett for a Quick Fix
Whether or not there's truth to rumors of a possible Berkshire Hathaway stake, it's likely to be a long, slow grind for the industrial giant. By Brooke Sutherland March 27, 2018, 2:50 PM EDT Warren Buffett is many things, but he probably isn't... — read more
No, GE should not be broken up
Right now GE can hide behind opaque accounting and promises of future cash flows. Selling the parts means converting assets to cash. That would remove any doubt as to asset value and eliminate any hope of future cash flows. The worst case scenario is... — read more
HE STOCK GOES UP. SPECULATION OF BUFFET BYING INTO GE
Will Warren Buffett resque GE?
General Electric shares drop to lowest level since July 2009
Below $13 .... https://www.cnbc.com/amp/2018/03/26/general-electric-shares-drop-below-13-per-share.html
Your pension's are not safe. PBGC only guarantees what your company says you are due.
Found myself looking a this site. I'm not a GE employee though I do feel some kindred spirit as an IBM retiree. There are many people who keep asking about losing their pensions and others stating this is not possible. We all at IBM did not lose our... — read more
What's better?
I was wondering, what's the worst thing that can happen if GE gets broken up in parts? From what I can see, many believe that the whole company is worth significantly more in parts than as a whole, so it seems like that would be a logical next move... — read more
Man arrested for allegedly setting fire at GE
Looks like they could use a man like him up at Corporate! JF's number one man!! A Batavia man was arrested for allegedly setting a fire inside of General Electric's aviation facility in Evendale. On March 1, smoke filled the halls of one of General... — read more
Preparing for breakup?
What? Someone forgot a decimal point on the spreadsheet? Could this be planted by someone involved in profiting from the spinoff? GE organization of businesses matched it's competitors like Siemens, Honeywell but often as a reaction. Could they move... — read more
How GE ended up where it did
This is an older article (from February) so I'm not sure if it was posted here before or not, but it is a must read for those interested in knowing how we ended up at the bottom so easily. How GE Went From American Icon to Astonishing Mess... — read more
Sounds like GE is following the IBM model for older employees.
https://features.propublica.org/ibm/ibm-age-discrimination-american-workers/
Latest on Sch’dy Hourly
When and how many? Enough of the fake news already.
what is going in GE Power Europe ?
Anything going on with headcount reductions , if so where ?
Schenectady Management & HR trying to find out who is posting on this site
An hourly worker in building 273 in Schenectady was brought up to Human Resources by his manager for showing him a post he saw on this website. Apparently the manager was trying to have him written up for spreading rumors when all he was doing was... — read more
Markets tanking everywhere...
A few weeks ago someone posted that we're in a recession, which is the reason why all these layoffs are happening. Of course, he was laughed into oblivion, probably more out of fear and denial than any solid, logical proof. Now markets are tanking... — read more
75 GE Legal Counsel To Be Impacted With Outsourcing
UnitedLex, an Overland Park, Kansas-based enterprise legal services company, has expanded its relationship with General Electric in a move that could rattle GE’s outside law firms, its in-house lawyers and its legal technology partners alike. Under a... — read more
GE's Nickel-and-Diming of employees
https://www.bloomberg.com/gadfly/articles/2018-03-22/ge-s-nickel-and-diming-included-a-payroll-switch
Snookered?
https://www.bloomberg.com/amp/gadfly/articles/2018-03-22/ge-s-nickel-and-diming-included-a-payroll-switch Can I whine just a little?