And soon in Greenville and those union slugs will get played again by the corporate greed club. France is first up, next Here in Greenville, then upstate ny will get played again and loose more. Greenville has no work? Schenectady has a full year next year at least that’s what is being said on the rumor street? Strange?
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@2fnt you aren’t very bright. 8500 employees being cut in the salaried ranks would sink GE. We’re already suffering from massive losses in the tech fields. It will take GE decades to recover the staff experience/knowledge it has lost in just the last 2 years.
One of the major problems with GE Culture is the inability to distinguish between meaningless busywork and actual beneficial work that helps increase GE's bottom line. GE could easily layoff 8,500 more Power Employees (mostly salaried) and focus on beneficial work. Beneficial work that helps GE make a profit from the sale of products and services. The only contribution many GE employees make on a daily basis is warming conference room chairs with their backside. The more cold chairs we have the more profitable GE will be. The culture needs to change fast.
@2cwy if that's the case, then why are so many still wandering the shop floor like zombies? Why is the equipment still torn up all along A Bay? Why are more engineers getting "confidential discussion" meeting invites from HR this week?
Greenville has more work then people currently. And next year has more booked them this year. You get a F for effort
Foolish GE leadership should never have gotten into Europe so deeply. Can’t believe these clowns make millions to make such bad business decisions.
France pledges to fight for plant where GE plans 1,044 job cuts
STRASBOURG, France/NEW YORK (Reuters) - French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co (GE) factory in eastern France where more than 1,000 posts are threatened.
GE earlier on Tuesday said it was considering ways to cut costs and make its operations more efficient in France in response to a shrinking market for power plants. While details have not been finalised, GE’s plan calls for cutting up to 1,044 positions, mainly at its Belfort site, which employs 4,300 people.
GE said the plan would potentially cut 792 out of 1,900 jobs at the gas power unit, and possibly 252 other support positions.
The remaining reductions also would occur mainly at Belfort, which handles gas, steam, nuclear and hydro technology, GE said.
The proposed reductions are separate from 1,000 jobs GE said it cut from its power unit in the first quarter.
GE presented its plans to French union officials on Tuesday, kicking off negotiations. The proposals “are in line with the company’s intention to improve operational and financial performance of its gas activities,” GE said.
But job reductions face a tough climate in France. Le Maire said on Tuesday France would seek four guarantees in exchange for supporting a proposed merger between Renault and Fiat Chrysler, including preserving industrial jobs and factories. It could not be learned whether GE plans other reductions in power operations in Europe.
French industrial group Alstom was Belfort’s biggest employer until 2014 when it sold its gas turbine manufacturing business to GE, which pledged to create 1,000 jobs to win backing for the deal from the French government.
owever, the company had to break that commitment as the gas turbine power plant market collapsed.
In the end, GE created just 25 jobs, and in February agreed to pay 50 million euros ($56 million) into a reindustrialization fund for falling short of the target.
Speaking in the lower house of parliament, Le Maire said he wanted the money to be used in Belfort to support projects in aeronautics, dismantling nuclear plants and the hydrogen industry.
“We are ready to fight alongside you ... and local politicians and obviously alongside GE workers to ensure the industrial future of the GE site,” Le Maire told lawmakers during a weekly questions to government session.
A Finance Ministry official said the site would not be shut down outright.
GE tamped down enthusiasm earlier this month about a quick recovery in its power-plant unit, which lost a staggering $22.8 billion last year, mainly due to a large goodwill writedown.
GE said it has about 16,000 employees at 20 industrial locations in France, and the country houses GE’s headquarters for five divisions: renewable, hydro and offshore wind power generation, plus grid and power conversion units.
Reporting by Gilbert Reilhac; additional reporting by Alwyn Scott in New York and Myriam Rivet and Leigh Thomas in Paris; editing by Sudip Kar-Gupta, David Holmes and Susan Thomas
https://www.reuters.com/article/us-ge-france/general-electric-planning-to-cut-around-1000-jobs-in-france-union-source-idUSKCN1SY0Z9
BS post