When a corporate board of directors becomes a group of mindless yes people and allow a totally empty suit function as chairman, the workforce and stockholders get nailed - they pay the ultimate price. The company is in trouble thanks to uppermost... — read more
GE needs to let us help instead of laying us off
I'm a long term guy and I had a lot of respect for the company when I was hired. It wasn't until year 4-5 that I started to see how badly this division was run (power). Managers only care about their metrics and bonus and don't want to hear your good... — read more
Field Core
How's the situation over there? I left last year. I hate to see you guys in the news this much. Good luck to all.
What we are experiencing are symptoms of poor management and lack of customer focus.
I have worked for GE for quite some time. Most GE businesses have such short term focus on the quarterly number and never accept the actual sales cycle required. For example: "Hey Jane Saleswoman, concentrate on new customers this year and let the... — read more
Is it time for a General Motors style buyout option?
After many years of watching the company go down the toilet I would like to see a buyout. General Motors at one time offered 150K to walk away and forego pension and benefits. Any chance GE offers something similar? Would love to get away from this... — read more
Power Virtual Town Hall Today
They flat out lied to us today, saying they don’t know who or how many will be affected by layoffs in Engineering. I know for a fact that names under each manager have already been submitted to HR. It is extremely demoralizing to hear once-trusted... — read more
Aviation Hooksett
(Hooksett, NH) AP- Employees at a New England location of the recently beleaguered GE corporation have been reporting the influx of abnormally sized rats. Reports from employees speaking anonymously, have the annoying creatures infiltrating several... — read more
Severance Terms Adjustments
I would assume that the terms are standard and non-negotiable for the severance that's typically offered to any GE employee that has been laid off...but I thought I'd go ahead and ask. Did anyone try to negotiate some different terms? For health... — read more
What keeps you still working at General Electirc?
There's is a lot of vile negativity and GE bashing on this forum right now (it has actually been like this for a while now, but let's set this aside for a moment or two). As a change of pace, tell us what keeps you working at General Electric. Why... — read more
GE Aviation
Got laid off today in Austin Texas. Lots of people affected...
Why is GE still hiring ?!?!?
How are these budgets getting approved for more jobs?
Stokes out of touch
Russell Stokes e-mail on Sunday and subsequent sound bites are nothing less than a condescending message to all those who as typical Senior Leaders blame everyone when things go wrong. He talks about “owning it”... how about he and the other... — read more
DENIAL WONT SAVE YOUR JOB.
All you confident hourly workers who really believe your jobs are safe with the condition this company is in are in total denial. They will continue to use you to push their damn product all while staying calm and focused; but trust me you will be... — read more
Retirement of corporate hr head
Thank goodness that the head of GE corporate HR SP is leaving GE. I seriously hope for GE's sake that this is a sign that Flannery pushed her out. GE will need to retain good employees to have any chance to recover, and SP's credibility with... — read more
GE Transportation got their non-solicit/no hire policy email
GE Transportation employees and those assigned to GE Transportation can not change GE Businesses, nor can GE Transportation accept any applicants from other GE Businesses. This is the beginning of the end of being a GE Employee for Transportation
Flannery and Stokes will Save GE and GE Power
But at what cost? How many workers will loose jobs white and blue collar? I’m glad the managers in my shop started treat those worthless union workers like slaves. It is comical and better for the business. To sit back and listen how management is... — read more
Accountability & Responsibility BD, JEFF & JOHN
Lehman Brothers in making. Congress should look into transparency and misrepresentation Almost $120 Billions with "B" gone...
Crotonville
Today's word is Crotonville, C-R-O-T-O-N-V-I-L-L-E, Crotonville. A GE leadership training facility used by GE and it's customers to develop the leaders of tomorrow. Actual effectiveness, unknown. Discuss.
Wizard of GE speaks (Harry Potter Flannery) on CNBC
https://www.cnbc.com/video/2017/11/14/general-electric-ceo-john-flannery-addresses-investor-discontent-in-exclusive-cnbc-interview.html "I Spent 100 days looking at GE businesses, strong command of the company, right rigor , yadda ,yadda." Blow some... — read more
Flannery just got crushed on CNBC
Flannery was asked hard questions, and some cases had no answers...Jim Cramer almost crushed him about accounting practices. Flannery is only going to take this company down further and further.
New GE ..concentrating on three core business playing fields Aviation, Power and Medical
Folks, Makes sense GE should play in the Power and Aviation fields. The barrier to entry huge! There is also Synergy of the two businesses. New aircraft engines drive innovation in power turbines. No brainer ...great call. Healthcare, not sure we... — read more
Croutonville
None of the Croutonville indoctrinated buzz words worked!!! They need new buzzwords fast! ------ GE Beliefs!!!! I see Stokes is still clinging to the buzzword cult. GE wasted $Millions on these dumb buzzwords and talking points. Shutdown... — read more
Big Changes in the Works
Stokes to cut $1 Billion in operation costs in GE Power! Happy Holidays everyone https://www.bizjournals.com/albany/news/2017/11/13/ge-ceo-plans-to-cut-1-billion-from-ge-power.html?ana=yahoo&yptr=yahoo
Fake News Posters
What happened to all the “Fake News” screamers. I guess you are all busy writing resumes?
It's time to buy GE stocks
GE has strong values and comes back to basics. JF herited from a bad situation. JF is a good financial analyst coming from healthcare. The he set today, can bring back GE to growth in the middle term. Cutting dividend is a courageaous initiative... — read more
GE - Media Coverage - Black Monday November 13 2017 (12 noon EST)
There you go: Reuters: GE to shrink, investors worry it will be less profitable http://www.reuters.com/article/us-ge-review/ge-to-shrink-investors-worry-it-will-be-less-profitable-idUSKBN1DD0H3?il=0 Deutsche Wele: General Electric to slice up its... — read more
GE Power
Folks, I listened to the whole GE call today. You all are in trouble with stokes as your leader. Typical corporate audit staff , MBB , measure X's and predict Y's. Go work for jack ...stokes. Only thing he said that made sense was focusing on... — read more
GE planning $1 billion in cuts at Schenectady unit
http://www.timesunion.com/business/article/GE-s-Flannery-making-GE-leaner-exiting-lighting-12352695.php We will see how this shakes out in SCHDY
GE cuts dividend 50% --> payout 0.48 for the year
Well this was predicted.
Sosad777
So very sad.. have only been at GE 8 years... was suppose to be my retirement job...I miss my old guys who called this along time ago.... #smartestguysever
Flannery will show his true colors come Monday
Flannery will show his true colors come Monday, his decision to either reduce the dividend or eliminate jobs and reduce the verticals shows if he cares about GE employees or market opinion. The current dividend is around 8B a year a figure that... — read more
Flannery: Smoke & Mirrors investor event tomorrow.
I predict Flannery will present a lot of smoke and mirrors in tomorrow’s investor meeting. He will brag about cutting Jobs to get investors excited about cost reduction. Flannery will fail to exhibit the truth about GE’s horrible condition. He will... — read more
GE's $100 Billion Wipeout Heralds Reckoning for an American Icon
This is why the layoffs will never end. "Unfortunately for GE, that industrial conglomerate model has fallen sharply out of favor on Wall Street. And the rise of activist investors like Nelson Peltz has encouraged companies to try to boost their... — read more
Lawsuit: 'Fiduciary malpractice'
My attorney said we have a strong case to claw back money from these parasitic leaders. We may proceed with multiple cases. -'Fiduciary malpractice' Essentially, a fiduciary is a person or organization that owes to another the duties of good faith... — read more
Manufacturing
Manufacturing folks took their drug test and had interviews this week. They will either have a job offer by Friday or not. The other teams such as sourcing likely will not follow this process. They will simply be notified. Timing should be consistent... — read more
Anyone with half a brain can see
... that the career days of good old General Electric are over. Wages will be slashed more than before. If you think your Heath Care is pricy well wait till the near future. Those with pensions GE will freeze them and offer you a 401k plan that under... — read more
Reuters article on GE job cuts
GE cutting staff ahead of new CEO's Monday overhaul -sources http://www.reuters.com/article/us-ge-review-jobs/ge-cutting-staff-ahead-of-new-ceos-monday-overhaul-sources-idUSKBN1DA2HY