And in some cases, GE plans to shut entire locations, meaning the cuts won't be spread proportionally at each site. One unofficial estimate had the cuts at less than 3 percent of the Schenectady workforce, which would be much lower than the 20... — read more
Worth reading
I was at GRC, but the issues were similar to what folks are complaining about now in the GE businesses. When I started 30+ years ago, the managers had nearly all started at the bench, and worked their way up technically before moving into management... — read more
Bad Management
Many here talk about bad management as if the top execs don't know or are stupid. Has it ever crossed your mind that the people who run one of the largest companies in the world aren't dumber than the new hire out of College, but instead simply don't... — read more
GE BRINGS BAD THINGS TO LIGHT
Is Nuclear power division affected in the 12,000 in Global Power Business layoffs?
Bad Leadership
I work in Greenville and the problem has always been a lack of true leadership. If i had a business and ran it like GE i would have been out of business a long time ago. There will be hourly layoffs at Grenville there is no doubt.
Shift to Renewable Energy - Power is only going to go down (Bloomberg and WSJ Articles Today)
https://www.bloomberg.com/news/articles/2017-12-07/ge-s-12-000-job-cuts-highlight-uneasy-shift-to-renewable-energy Everyone needs to face the facts that Power will only go down from here. Look at the facts and actually do some research. Natural gas... — read more
GE Power Hawaii (Unaffected)
https://www.bizjournals.com/pacific/news/2017/12/07/hawaii-employees-of-ges-power-division-not.html
Is it possible? Is U.S. spared for once?
Is it possible that GE's U.S. locations are spared for once? From what I'm seeing, this is all referring to European locations... Or am I missing something? Not trying to minimize the situations, I know this is awful whichever way you look at it. But... — read more
Just call him neutron john
12k jobs cut in power is just the beginning, we still have all 2018 to go.
This is so GE style
Isn't it really GE-like to make an announcement like this so close to holidays? They're becoming almost like cartoon villains, sitting in their evil lair and thinking up ways how to make their crappy decisions have the most negative impact. I don't... — read more
Immelt, Bornstein, and a few other...
Makes me wonder if they sugar coated the truth about GE’s operations, so they could steal a fantastic compensation package from GE? After they were out, he truth comes out! Why would they care then? They got their cash..... They destroyed GE. Now we... — read more
GE Power is Never Coming Back to Full Force - Simple Economics
Found this from an additional post. From the Wall Street Journal's article today. Its a subscription so you will have to pay for the entire article. "The growth in electricity generation over the next couple of decades is expected to shift toward... — read more
I listened and watched for a year as they dismantled most of what Alstom had accomplished.
I worked for Alstom Power in Europe before GE came. I embraced them at first, based upon their past reputation and perception that they had the financial means to invest in us, which they repeatedly promised, with their usual chipmunk-positive... — read more
Additive Relocation
Why would Additive relocate? It’s already in a non-union, low cost-of-living area...it’s going nowhere. Additive is one of a few technologies where GE is leading.
Great job 301
All the cuts that already happened to Power are part of it. Including the 4500. So the cuts won't be as drastic. Doesn't look like any layoffs for hourly in Schenectady. Kudos too you guys doing a great job 301.
Facts
All is well in the nation, but then why? Are there more retail closures in 2017 than any year in recorded history? http://money.cnn.com/2017/10/25/news/economy/store-closings-2017/index.html And why is the healthcare industry in crisis? With... — read more
Here it comes
GE's situation is a result of poor management and not related to economy BUT take notice that as the rest of the world embraces renewable power and carbon reductions the USA is in total denial. Poor decisions within our government to take the lead in... — read more
GE ro cut 1,100 UK jobs
https://www.theguardian.com/business/2017/dec/07/ge-to-cut-1100-jobs-in-the-uk
12000 heads to be reduced power
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-12-07/ge-is-said-to-plan-12-000-job-cuts-as-new-ceo-revamps-power-unit Fake news this beoch’s
GE Power Just announced 12000 layoff (not rumour)
1100 will be layed off in Switzerland (Baden), 1600 in Germany (Mannheim, Stuttgart, Berlin, Mönchengladbach and Kassel), 750 in UK. Factories to be closed in Germany: Berlin Power Conversion and Moenchengladbach Grid Solutions. Official emails and... — read more
From meritocracy to kleptocracy
GE used to have the best management, technology, manufacturing, and service that were generally respected by all. That was because GE used to be a meritocracy, not a BS or kleptocracy where managers are not experts, have little product knowledge and... — read more
Does anybody see an end to this?
I'm just wondering, does anybody actually see an end to this? Constant worrying, constant anticipation, constant stress... Do we actually believe General Electric will ever again be a company that doesn't have constant layoffs and that actually cares... — read more
Alstom Layoffs (80+)
Source: https://labor.ny.gov/app/warn/details.asp?id=6135 Date of Notice: 11/17/2017 Event Number: 2017-0150 Rapid Response Specialist: Regenna Darrah Reason Stated for Filing: Plant Layoff Company: Alstom Signaling, Inc. 1025 John Street West... — read more
Outsider Perspective
I've been with GE for less than five years, but I've worked in another large company before I came to GE. Here's my perspective: Mid-career outsiders have no chance in GE. If you aren't a CAS/_LMP graduate, you are never going to move up. You could... — read more
Knowledge lost
These brutal cuts will continue to strip out the knowledge from the company and it is that that puts the future of the company at risk
Is anyone else infuriated by the GE Commercials?
The perky, upbeat ads are at odds with a 46% decline in share price and the way the have thrown tens of thousands of families into chaos with their gross mismanagement and CAS hubris.
GE future employment
Why does everyone just complain on this feed ? If you hate the company that much or the management, just leave and find a new job. If you have been with the company for 5 to 10+ yrs, you have been part of the problem because you have said nothing or... — read more
GE to cut 4,500 jobs in Europe
PARIS (Reuters) - U.S. firm General Electric (GE.N) will cut 4,500 jobs across Europe after reviewing assets it purchased from France's Alstom (ALSO.PA) in 2015, French newspaper Les Echos said on Tuesday. Citing a union source, the report said the... — read more
Meeting Mongers - Dose of Reality
The most successful GE employees have been blessed with the gift of gab. They make a career out of attending meetings. They attend meetings from the time they get to work until the time they go home. Their only contribution is warming a conference... — read more
GE transparency
What happened to GE's famed transparency? Seriously? Since people at the top tend to boast how transparent they are when it comes to work, then why can't we be told what's really going on? Who was let go and who is on the list to be let go of next?... — read more
More layoffs at Salem
Approximately 16 engineers were laid off from the development team in Salem. Most info not all are long service employees.
Norwalk Layoffs Confirmed - 80 GE Digital Folks Out
https://patch.com/connecticut/norwalk/ge-announces-norwalk-layoffs
Dec. 11th announcement???
Hearing rumors of an announcement on December 11th? Rumor may have originated in Erie, Pa in regards to Transportation or Erie plant in general. Anyone heard anything about the master plan and selling off assets? Looking to accept another position... — read more
We need to refocus on quality
The company needs the refocus on quality. Nobody is going to buy GE if the quality is bad. They buy cheapest parts they can get their hands on regardless of quality. Not only that but they want to eliminate as much testing as possible to ram jobs out... — read more
Somebody believes in GE
I do feel for the poor guy who owns GE stock since I don't really share Berko's optimistic outlook. http://www.columbian.com/news/2017/dec/03/berko-whats-wrong-with-general-electric/
GE revenues and profits plunge
Anyone here consider that the reason for the layoffs is........(Gasp!), revenues are down hard? Nope, a few mentioned cost cutting but practically nobody wants to talk about the reality of GE's finances and core business, which is dropping fast, by... — read more
Best to go on Welfare
Free: Food, any food, beer, medical/dental, phone cable TV
Best to go on Welafare
You get food clothing shelter..and beer, cable, cell phone, free medical/dental benefits. You can even go to casinos