I keep hearing GE has 602,000 employee's that have a pension obligation. Sorry but the numbers do not add up for me. Alstom did away with pensions years ago, so did GE for new employees circa Jan 2011. Most of this so called pension obligation are... — read more 

https://www.roadtechs.com/nuke/wwwboard/getpost.php?rec_nbr=478218

Flannery stated he just concluded discussions with the Board and there currently will not be any changes to the pension plan. Very positive for employees who are eligible.

Here Are 5 Potential Catalysts For GE's Stock https://www.investors.com/news/ge-stock-news-here-are-5-potential-catalysts/ • A major board reshuffle in the works is an opportunity to get things right, Davis suggested. New directors with experience in... — read more 

GE bought engineers (they bill them out to clients for their expertise, unit some of then actually commissioned while part of Alstom), they paid a premium for these guys, and after acquiring them, proceeded to summarily dismiss them, while clients... — read more 

At least the Geneva court is doing its job. When will the US court system address gross misconduct and fraud by top execs at major corporations. GE???? A former Credit Suisse banker has been found guilty by a Geneva court of causing losses of more... — read more 

Folks, We cannot predict the coarse GE leadership will take (a full company breakup, keep it together and borrow the crap to shore up pension shortfalls). The new board seems to have a breakup background. Not sure how that will work with the pension... — read more 

GE Greenville paid the highest environmental fine in South Carolina history for site contamination. Two major chemicals polluting the Greenville site is Tetrachlorethylene (solvent known to cause cancer) and liquid fuel. The liquid fuel (diesel)... — read more 

That all of a sudden the bad news about GE almost stopped on the internet? The calm before the storm more layoffs to come for Power and possibly plant closings! Do not be surprised if they close Greenville or NY factories. Those GE idiots higher ups... — read more 

So this may depend on your length of service, mine is 37 yrs but here is a question, where is the incentive vs a layoff? VRIP Layoff Lump Sum 1 week/yr 1 week/yr Pension Base Base Supplement Till 80% SS Till 80% SS (was told by Pension help desk it's... — read more 

Next big investigation to hit GE will be for its employment practices and treatment of its long standing contractors. Huge fines will result

For anyone out there who has analyzed their pension payout option, can you confirm that I’m understanding it correctly. If I withdraw my pension right now, I will get approx $20,000, which is only the amount I contributed over the 15 years I was... — read more 

Former General Electric (GE) chairman and CEO Jeff Immelt just got a new gig. Immelt has been unanimously appointed as chairman of Athenahealth, the cloud-based medical records and health care software services provider, by its board of directors... — read more 

Irony of ironies ... A GE Treasury Executive received an award for Global Cash Management, a Corporate Recognition award at Treasury Management International (TMI) annual awards. Really???GE knows how to manage its cash?

A year ago Salem plant had best Quarter ever for Mark 6 production. Then the "Lean Queen" process engineer told us that we had to change to Monterrey Mexico build methods to keep up with customer demand for our products. Up till a few years ago the... — read more 

Anyone listen in to JM on the finance all hands call? The slido questions were brutal and she got a bit testy about the "Why does Immelt get millions of dollars and I get two months severance?" question. The execs STILL aren't getting it, in my... — read more 

Anyone know details of these packages?

The new Cash leader has posted roles, many are executive roles. Shouldn't he be figuring out how to manage cash and spend less?

https://www.google.com/amp/s/seekingalpha.com/amp/article/4143272-going-look-wells-fargo-general-electric Let’s see if this new set of GE board members will pimp hand JF as he needs be pimp handed for his minions are not getting things done. So, far... — read more 

Good article for those who are weighing the option of quitting on their own versus waiting to be laid off. Frankly I am leaning toward the second one simple because of the safety net provided by severance package... — read more 

Stock dropping and did anyone see this article? I was asking the same question. Numbers don’t tie out. Making fourth quarter shouldn’t have happened. GE came up with some $600MM credit? From where? This company has no future unless they tell the... — read more 

More packages coming starting tomorrow. Part of the 12k?

Went to call a buddy of mine in Schenectady, his land line was taken away. What joke, cost cutting , I had to call another buddy to get his cell number, he has this number for 29 years. No, the main line did not forward me to new number. GE needs to... — read more 

So, on top of everything that has been happening with GE, we are under investigation for our accounting practices by the Securities and Exchange Commission. I'm starting to think that when you add everything up, there is no realistic way in which GE... — read more 

UPS, Lowe’s, Cigna, Thermo Fisher Scientific Announce Pay Raises, Bonuses Due to Trump’s Tax Cut Plan. GE announces no bonuses, no raises, 401k matching cuts, layoffs and healthcare cost increases.

Once this level is hit, there's no coming back. It will only get worse and worse from here onward.

Huge rumor in Erie PA regarding this company buying Transportation! Any truth to it? God knows the company wont tell its employees a damn thing..................

https://www.bloomberg.com/news/features/2018-02-01/how-ge-went-from-american-icon-to-astonishing-mess

Between Ericsson and Xerox announced today. https://www.marketwatch.com/story/ericsson-cuts-10000-jobs-amid-costly-turnaround-2018-01-31-74854823... — read more 

Per this morning Deutsche Bank is predicting GE will delisted from DOW. If this occurs mutual funds will have choice but to sell GE stock. Look for more great news from GE in FY 2018. These corporate GE folks need to be pimp handed for their... — read more 

Mario Gabelli just bought 40 million dollars worth of GE Stock. In the short interview Gabelli identifies these reasons for investing now: Wonderful management in the engine business Accounting issue not material relative to what CEO Flannery will be... — read more 

Are you guys using a search firm or headhunter? Are you just sending out resumes? I’ve been off the job-hunting scene for 15 years. Back in the day, the jobs were on Monster.com (don’t laugh) and maybe one or two other major sites. What’s the most... — read more 

May 2018 announcement will come for all to here the plant closings. Greenville and Upstate NY plants will be hit hardest. Alstom will be safe and pick up most of the work. They have 7 bunkers and state of the art facility and campus. Cleaner facility... — read more 

RS sent a mail freezing the salary in GE Power. In a recent video sent by JF he says employees are always at the centre of the company ahead of customers and share holders. My question to him is if the revenues and profit/loss of businesses are... — read more 

Enron...cut your losses and run, fast.

There was subtle announcement after SEC investigation was announced that GE would be restating 2016 and 2017 financials. Sorry, but this never a good thing. What else are these clowns going to uncover or expose to shareholders. What on earth did the... — read more 

Upstate NY 300 more layoffs by May 2018 and has anyone Noticed how they closed the back entrance and got rid of more security? GE Does not need to pay them because a lot less traffic will be going in and out of the campus. Beware everyone’s pension... — read more 

https://www.economist.com/news/business/21735594-if-they-are-save-firm-general-electrics-bosses-and-board-need-far-better-information-ges

GE Nuclear site at Wilmington, NC is laying off workers almost every week since mid November. They keep the numbers small enough to stay under the radar screen of local media and not to create employee morale problems as opposed to a mass layoff... — read more