Who and why does this?
Good post on GE Power's page
here it goes www.thelayoff.com/t/PFxSAwb or @PFxSAwb
Layoffs are in GE’s standard business operating model.
“Massive” defined as historic even for GE. GE is always planning on layoffs. This one will be remembered for many years as one of the largest ever for GE. Layoffs are in GE’s standard business model.
Forced into GE when they bought out my division from Transamerica
This was back in 2004. Job never safe. Lot of Mickey Mouse BS @GE. If they would have let me just do my job instead of throwing so many roadblocks in the way, I would have been a lot more productive. Lucky to have made it to retirement 2 years ago... — read more
Super Tuesday tomorrow
large cuts to be announced tomorrow, 6 months notice to ex Alstom personell
Trian parner on the GE board..bout time
Ed Garden, Chief Investment Officer and a Founding Partner of Trian Fund Management, L.P., has been elected to the GE Board effective October 9, 2017. Let's see if the rest of Jeff's good ole boy network are getting the boot as well. There are plenty... — read more
GE "leaders" are invisible.
They have no idea what is really happening . Get out of your meetings, put your cell phone away , get off your tail and learn the business . Talk to the people you are suppose to be leading. Get rid of permissive time off but also the working remote... — read more
Working From Home
It's about results, not where people sit. If you're an effective leader, you can lead a global team and don't need to ruin people's work life balance by having them relocate so you can physically see them work. Other than those on the factory floor... — read more
Ge. Transportation
1500 people got layed off last year now 572 this yr just announced for 2018
The exodus continues
John Rice and Beth Comstock has "decided to retire" amd Jeff Bornstein has "decided to leave GE".
And there start executive cuts
The long awaited cuts (retirements) of John Rice, Beth Comstock and Jeff Bornstein finally happened today. I am sure they are walking away with millions in retirement packages.
General Electric can't hide its mistreatment of employees anymore
GE greatly underestimates the power of people. People can communicate via social media and networks better than ever before. Historically, GE would fire massive numbers of people and their voices were silenced. Now employees are connected to... — read more
Yeah just curious
Will it affect temps
Randomly stumbled upon this: AGGRESSIVE GE LAYOFFS
I left GE in 2011, it looks like things have gotten worse. The grass is 'moderately' greener.... Anyhow, I saw this month old article on Corp layoffs ("GE's New CEO Reportedly Plans 'Aggressive' Layoffs To Cut Costs") and wanted to see if this... — read more
Layoffs in Global Ops
GE Global Ops laid off 60 people in our building this week. More to come before the shareholders' meeting in November. I'm definitely worried. Nobody is truly safe. Going to update my resume just in case. The rich get richer while the poor get more... — read more
Greenville layoffs
We've been hearing a lot of rumors on the floor, Contractors going to loose their jobs in Nov, salary cuts in Dec, Temporary layoffs for hourly in Dec and first quarter of 2018..... HR was closed yesterday and last week for some kind of "Training"
Layoffs while execs frovolously spend $$ on furniture
Layoffs at the GEHC plant in salt lake city last week. This was preceded by early retirement offers. Meanwhile, they are hiring people out of Mexico and paying for their relocation and visas. Down in executive row, millions are being spent on... — read more
Lucked out...
I retired [one of the lucky few] after 39 years with appl. I watched it go down hill for 15 years. Then they sell appl. off to Haier. No division of GE is safe.
GE corporate cuts today ..any truth
I am hearing some executives got cut today ?
Another way to streamline
I have to believe there are more ways for GE to get better other than laying people off... Here are my ideas Cut E Bands by 25% ...Most can easily find another job and are delivering very little. Plus we all gain from removing needless layers. Cut... — read more
What is a New project management group under NDA
Met a new "collegue" today. After hi's what department came up - answer project management - cool what project? logical question. Answer its under NDA followed by quick departure nice meeting you uncomfortable look -- any ideas ?
Pensions
The rumor is that pensions are going to be frozen by the November 13 analyst meeting. No specifics yet but it appears ready to happen.
Immelt leaves BOD early
How convenient that Immelt has left the BOD 3 months early...good riddens! Now the BOD should go after him in clawing back compensation for the unrepairable mess he has let this company in.
GE tax rate , read this and tell me why GE is laying off ? 1% are you kidding me ???
Company Ticker Median effective income-tax rate - past five reported quarters UnitedHealth Group Inc. US:UNH 40% Home Depot Inc. US:HD 36% Verizon Communications Inc. US:VZ 34% Walt Disney Co. US:DIS 33% McDonald's Corp. US:MCD 33% American Express... — read more
John Flannery's Aggressive Head Chopping.
John Flannery promised aggressive head chopping before the investor meeting in November. That means heads will roll in October. Is your head safe? Think again. There is no longer a "safe group" of friends that you've counted on for so many years to... — read more
Air France AF66 uncontained engine failure
As you might be aware, the Airbus A380 involved in today's incident had an Engine Alliance GP7270 made by the EA joint venture of GE Aviation and Pratt & Whitney. Initial indications suggest a failure in the fan section, which is Pratt parts (the... — read more
Need help, please chime in
I was let go in 2016. Spent only 2 years with GE. I've seen this page grow from a couple of us posting randomly every other week to a thriving forum where folks share info. I'd like to start letting people (on social media - twitter/instagram/fb)... — read more
What offices closed today? Sept. 29
I see people talking about their office closing today. End of Q3. Which offices were affected?
Give employees the same care as you do your stock holders
With all the Integrity policies and training we get, where is the policy that says we will treat our employees fairly and with integrity? True leadership would be to focus on growing the company without taking away more from the employees. Give... — read more
Salary vs floor visitors
Just out of curiosity, who all visiting this site is salary vs floor workers ?
What keeps you at GE?
There's is a ton of negative vibes here. There is a ton of GE bashing on this forum right now (technically, always)... As a change of pace, tell us what keeps you working at GE. Why have you not quit yet and gone elsewhere to work? This is a frank... — read more
Another Cost-Out... 3% GE Contribution Change
Now, another screw tightening with 3% GE contribution to 401K now occurring 1 time per year in 2018 . Another cost out idea that someone was compensated for.
Once you are gone...
It is amazing how quickly a laid off person becomes fairly nonexistent. No one will contact you to see how you are doing, no one will reach out to you. None of your so-called friends and co-workers will mention your name. A manager in my group joked... — read more
H.r Greenville office closed
Just found out Greenville h.r office is closed and locked with a sign "closed till Friday " that does not appear good
Just rip off the band-aid!
Announcement by our new CEO that layoffs are coming but still very few actions. This is torture to make this kind of announcement and not follow up with quick actions. Much kinder to rip off the bandaid and tell employees their fate one way or the... — read more
Be an advocate for change
We all know there are way too many people in the wrong positions. These are usually not bad people, just people that should have the opportunity to do something other than what they are currently doing. We all know people that if they were doing... — read more
GE Goverance
It would seem to me that the last failed 16 years of Immelt reign that the BOD would have learned that this company can not afford to have the CEO and Chairman of the Board be one in the same. What other company this size does this relationship... — read more
GE Industrial Solutions being acquired by ABB
But who will ultimately buy GE Power when it eventually goes on the block? Or Aviation?
GE is not too big to fail!
It may be a multi billion $ company the cash cows are now gone and signing a 25 year contract with countries who refuse to pay on time or defer payments because of perceived contract breaches will soon wittle that away. Just like when it lost its AAA... — read more