" I will get my money!!!" https://www.ft.com/content/80508b9a-507c-4ebf-ba15-5a1c2e64f442
Who’s first…
https://www.bloomberg.com/news/articles/2022-06-27/ge-ceo-culp-takes-reins-of-aviation-as-slattery-loses-top-post Which division will see “people actions” first, Power or Aviation?
The next company to go bankrupt will be:
Wheels Up Experience Inc (NYSE: UP) has hired Todd Smith as its new Chief Financial Officer, effective June 30, 2022.
What would you say to Culp if you were to cross paths with him today?
Let's assume you've just won a large multi milion dollar lottery. You are set for life but still employed by the copmany... Anyhow, you are entering an elevator and Culp enters right behind you. You are both on the way to the 86 floor - you have... — read more
TIME FOR CULP TO GO!!
Four years is a long time and looking at the stock performance, GE needs a new CEO.
Imagine that…
https://www.sec.gov/news/press-release/2020-312
Wind...........
Siemens Gamesa has claimed a partial victory in a US patent infringement case taken against GE Renewable Energy over offshore turbines. The German-Spanish manufacturer said it received a “favorable ruling” on Friday in a federal court in... — read more
All of you Union guys must storm into Culpable's office for an answer!
You cannot be bullied!
More trouble for renewables?
https://www.4coffshore.com/news/court-rules-in-favour-of-siemens-gamesa-in-ge-patent-battle-nid25729.html
A real union
A real union would not give into the company threats of layoffs. A real union would not promote union members to back stab other union members. A real union would have better healthcare. A real union would set a standard of a skill to work here. The... — read more
What is the future of GRC?
What are the plans for GRC with the split up of GE into three businesses? Is VA moving back to Renewables a bad sign for the future of a separate GRC?
GE No Longer a Resume Builder
There can’t possibly be a single white collar professional left at Schenectady that has any self respect or ability. Anyone that has either would have left long ago. GE was once a gold stamp on an employees resume. As a hiring manager who used to... — read more
Culpable is freaking out right now?!!
https://www.cnbc.com/2022/06/09/stock-market-news-open-to-close.html Dow falls 800 points, Nasdaq drops 3% after inflation reading hits 40-year high
GE needs more people
I'm tired of having them pile on the workload without hiring any additional support. I'm tired of having to pick up the work of people who left without them backfilling those positions. I'm tired of having to do all that without being properly... — read more
A "Real Union"
What does that mean? I'm yet to hear one example from an anti-slater as an example of an agreement made between the union and Company that favored the Company. In today's world it's union give me a concession and the Company will retain jobs for... — read more
$2 billion in cost cut for 2022
"Culp added that the industrial group remains focused on cost cuts, with a $2 billion 'gross cost out target' for 2022, through "productivity, restructuring & sourcing actions," according to a GE presentation."
Renewables -> Vic-timized
Fasten your seats, for a gutting of leadership.
WHAT IS NEXT FOR GE?
https://finance.yahoo.com/news/bear-day-general-electric-ge-102010479.html
Let's Paint
LOL, what a dork
Use Google translator
https://disclose.ngo/fr/article/general-electric-800-millions-euros-transferes-de-france-vers-des-paradis-fiscaux
Fed Investigation Expectations
Ex-Schenectady sister facility, GE Silicones (Momentive) in 2010 reaches an agreement with the IUE to reduce hourly rates to "market levels" resulting in over 2/3 of salaries getting cut. That impacted IUE Local votes the contract down but two other... — read more
The federal government awarded $13mill
…..this month announced grants of $7 million for GE Research in Niskayuna and $6 million for GE Gas Power in Greenville, South Carolina my question is why not any for Schenectady? Is a layoff coming even though they hired 50 unskilled laborers? .
NYT: How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed-2
Part 2 of 2 The implication was unmistakable: When Mr. Welch was at the height of his powers, the same sort of deceptive tactics were being employed. ‘They had the G.E. tool kit’ The roaring success Mr. Welch found at G.E. inspired countless... — read more
NYT: How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed
How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed The onetime ‘manager of the century’ paved the way for C.E.O.s to moonlight as internet trolls. By David Gelles David Gelles, a Times reporter, is the author of “The Man Who Broke... — read more
New Slate
Impressive group, lost the 301 elections in 2020, and now they won't get the outcome they want from the conspiracy investigation. Sharp bunch.
I'm tired of this place
I’m just wasting my time here at this point. Who else would most like to get a pink slip and finally get some relief from this place?
Green energy push will create layoffs for 273
The green energy agenda will create massive layoff and cuts in 273 and the power division globally. Don’t be fooled get out while the getten is good. The Great Reset in GE is coming. When the new company who buys Power comes in and looks around. It’s... — read more
CA Agreement - Voted?
I'm an outsider, at a GE plant other than Schenectady. Reading this cr-p is funny regarding the investigation. Acts if proven not funny per se, just the passionate statements/post by both sides. So was the CA ever actually voted upon by the... — read more
Anti-Slaters = No Courage
No courage to answer basic questions: So you claim the relationship between Local 3012 and the Company was corrupt and therefor many of the agreements/MOA's/LOIs/etc. shouldn't survive. Give me an example of 1 or 2 and why? With backdrop that your... — read more
Breaking news! China Southern dumps 737 MAX from its fleet!!!
Here is more: https://www.scmp.com/business/article/3178007/china-southern-airlines-scraps-boeings-737-max-its-fleet-deliveries Btw, the price of C919 is doubled to $100 million. So An Airbus A320 seems a better deal. Btw, that deliberate dive of... — read more
My Predictions for Schenectady
Now the concessions are made and the company has ripped this onion apart layer by layer. No thanks to the “T-Rates” crying all the time. Now is time for the layoffs and job elimination to begin for 273.
My prediction for GE:
(1) GE Healthcare will be renamed and bought by a private equity. (2) GE Power is bested by superior turbines from Mitsubishi and Siemens, and will face bankruptcy. As a result, GE Digital will be spun out. (3) Aviation will face new significant... — read more
GE Retiree Rehire/Contractor Program
How does the GE retiree rehire program work? How many hours, pay, any benefits, etc.?Heard that GE Energy is considering starting it again.
How much debt does GE still have to pay after splitting???
I read somewhere( think was Motley Fool ) that GE still has to pay down $105 billion dollar debt after splitting into three. Most of the debt is from the long term insurance. Is that true?
Good outlook?
If that union guy managed to buy a new pickup, and that office employee managed to get 20% raise, does it mean ge is doing well?