Thread regarding General Electric Co. layoffs

Send them out with the delamination issue? Is that what you’re suggesting?

"not accepting turbines already tested in Greenville."

That simply isn't true.

So... who here thinks the three previous replies were written by the same guy?

Greenville is fortunate to have 7 units after all the defects and design failures GE’s gas turbines have had from Greenville. Customers are canceling orders and not accepting turbines already tested in Greenville.

It amazes me how extremely dumb the decisions made by leadership have been. Someone must have made real pretty PowerPoints. The decisions were so dumb that it should be investigated as intentional sabotage.

Steam in Schenectady 2018, has 23-25 rotors to build in just 10 months. A few more that where built in all of 2017. Part of the mega deal of years past in Algeria, GE had to commit to build factories in country for future builds. That wasn't a secret, but the short sighted screamed in joy over the original sale. Of which GE took a huge loss on the sail because of a huge Engineering screw up in design and the false accusations on design efficiency, GE sold them a product, yet built them a different one. The lack of engagement with its hands on workers and the Corp. Board over the many, many years, has led them to make so very many bad decisions, this is what we have to deal with because of that.

I think the 7 per year is a reasonable assessment of the industry.

I was in Alstom when the GE takeover came. Alstom was a basket case but the arrogance of the GE management and how they (in the town hall meetings) talked about making over a hundred GT's a year and how this would be massively increased was a joke.

We all knew Alstom was a bad buy for GE. Alstom Steam business was OK but the GT business was run by a bunch of diva's without a clue. How the GE acquisition team didn't see through the sham is a mystery to me!

GE Power has the same problem with steam turbine and generator production.

The new facilities they built in India, China and farm out of all parts has devastated Schenectady shop load last three years to very low efficiency and high cost of low utilization factors and high shipping and handling costs. This resulted in layoff after lay off and closure of almost all of the service facilities to make up for costs skyrocketing.

We see bad decision after bad decision by management with little experience who are eager to get promoted by doing this under the fake cost savings of doing things in India and China. The quality there s---s, and low utilization factors and high cost just as bad even before you throw in excessive transportation costs. None of these facilities have paid off and are dragging down GE Power with high cost structure, even before the Alstom disaster. GE Power cash flow tanked because of all of the above

GE Power has really screwed up big time because of bad management that has replaced world class experts who used to run the business

Splitting production in too many facilities has ruined GE Power cash flow.

Instead of making parts, and assembling in one place, all this outsourcing and off shoring has led to huge cost structure of fixed facilities, and material transportation costs. Imagine the cost of trucking parts all over hundreds and thousands of miles, and splitting production so that facilities like Greenville operate at very low efficiency due to underutilization. Bad management at GE Power has led to costs mushrooming has cash flow and earnings evaporating.

The problem at GE Power and Transportation is bad management that made all these bad decisions in the past 15 years. Now, GE parent company may not survive as a result because they have to sell off the few remaining businesses just to raise cash to pay the bills.

Bad decision after bad decision by inexperienced management who really did not know the businesses, and did everything contrary to what the experts told them would happen. GE cash flow probe;em, of their own making could easily send GE in a death spiral requiring break up of the company.

Well, the current trend is moving towards renewables for next few years at the very least. last week, the biggest world investor fund, Norway, pulled out all its capital, more than $1 trillion, from oil and gas stock. Green lobby is very strong in Norway, and directs the country funds toward investment in renewables. https://www.bloomberg.com/news/articles/2017-11-16/norway-s-1-trillion-wealth-fund-wants-out-of-oil-and-gas-stocks

30 GTs on the books for Greenville, 7 signed.

Nobody gives a ratsa$$ whether it's HA or FA to be built.

There are Qty: 7 , 7HA.02 planned for FY 2018 to be built in Greenville. Not to be confused with GE , 7HA.01 built there and 7FA.04, 7FA.05, etc...Anybody that knows anything about what units are built where knows Greenville (non union shop) should building all of the gas turbines for the company when markets slow down. I cannot believe fabrications costs would be favorable in France or in the EU.

Of those seven turbines, four are 7HA for mexican utility companies. I can not wait to see Trump scrapping NAFTA so instead of seven turbines Greenville will make only three.

I heard all the orders would be built in Greenville, and the other manufacturing sites closed (at least temporarily). But who knows?

If you are desperate for new sales, write to your senator to lift sanction on Russia. They are desperate for gas turbines. Check the news about their recent scandal with smuggling Siemens equipment.

"I was told that someone said...." Whatever mate. Link your sources or go pound sand!

I haven't seen any of this reported in the local news, but it would not surprise me at all. The unenjoyment in Greenville is just beginning!

@hah I believe what they are saying is only 7 in Greenville. I have not heard that so I don't know. What I do know is as of right now there are only 2 on the books (sold) here in Greenville. I also know that the first build isn't due to go to assembly until mid March. No one here is even talking about the numbers of new builds so you know it's not good. If you think that 90 is a good number through all the facilities combined then you're not living in the real world. The Greenville, SC plant could do that number next year by itself. That number spread across all of Power is miniscule, and won't pay the bills to keep us all employed. Their current plan is only looking down the road 6 months. The business outlook doesn't show improvement for at least 2 years. You do the math.

That number 7 is ridiculous....think about it. Go post someplace else and stop trying to short the stock. The number is north of 90 units if you include Belfort, Baden , Greenville and flange to flange units. Cut the sh_t and go troll on Siemens web site..their numbers are pathetic.

five more than seimens

I have not heard a number that low, 2018 plan is for around 55-60 but that is split between Greenville and Belfort. Could they have been referring to Steam Turbines in NY?

There is no plan to build anything in Algeria, there is a large facility in Saudi that had been planned to make some but none as of right now.