Thread regarding General Electric Co. layoffs

Perverse mind... get off the page troll ... complete lack of intelligence when one can only think about their a$$...

Conservatives have become libertarians. Liberals have become socialist. One side says do whatever you want and live with the consequences. The other side says do what you want and we'll take care of the consequences.

The janitors are more useful than CEO’s..... oh please...supply and demand... I do enjoy the economics bit... one would think with all the MBA degrees at GE they’d be performing much better.... just an observation.... perhaps the janitors would have a better chance of bringing it out of the toilet.....

Last I looked, there aren't any CEOs on the street desperate for a job, but there is are many entry level and those with experience on the street looking for jobs. It's simple supply and demand. When the day comes that there is nobody to push a broom for GE and they desperately need somebody, that's when you'll see a janitor bring in the big bucks!

Oh and just business? There are ethical codes of conduct in our just business that is not being followed... it’s time Americans stood up and stop calling it just business.... you see nothing wrong with using monies to artificially prop up stock price after you’ve just bought millions of shares while the pensions are sitting 28 billion short?

Unethical.... only now the world realizes just what an immoral unethical company it really is....

Not illegal only because Americans will not stand up nor understand what is happening.... plush pensions for hourly? Compared to millions in CEO salaries and those buy backs on shares of stock artificially propped up went back into their wallets.... illegal...no...should it be? Absolutely!!!!

Let me rephrase they used money that could have gone to pensions for stock buy backs to prop up the share price.... hey sweetie.... I’m not the one at risk of having my pension rolled over to a 401k....

So instead of using excess money to put back into the pension fund that is 28 billion in the red it was used to artificially prop up share price.... which by the way.... doesn’t appear it helped any.... but I will be more careful and Not use the word defund.....

@Zk9SX8Q-1euw...please take care to not lie in your post! Defunding pensions would suggest GE is taking money from the pension fund itself. That never happened. Did GE slow down deposits to the fund, of course. The DOL/ERISA oversees such funding and GE hasn't violated the law thereof with the reduced funding levels.

This is a classic "pay the piper" scenario, GE unions negotiated extremely rich pensions (good for them I say), now the lay-offs have to occur within that group to fund the pensions.

What goes around comes around. Doesn't mean I don't care at humanistic level, but its business.

it's pretty sad when the CEO says he is dumbfounded by lack of lean manufacturing practices, and BTW which divisions are guilty of infighting?

You miss the point.... the CEO’s making 20-33 million a year while they defunded your pensions to buy back shares of stock to prop up the price... your health insurance is a joke..... and so are the raises....I’m not either political side because both sides are corrupt.... now if the company is flourishing and people have retirements and jobs don’t care how much they make.... but you see when moral ground is lost than one of the best companies in the world was brought to its demise... that’s sad! When unethical behavior is common practice while you are made sign a link of the spirit of the letter... that’s your sign ... if you have to say you are honest honey you’re not....

Well I ain't a bit scared . I work at GE Greenville SC. I vote Republican even if it goes against my best interest. You can't tell me that the economy ain't boomin ,hell all my friends are working 2 jobs to make up for their loss of pay and benefits too. I just think everyone but me is a lazy uneducated SOB . 4 more years of Trump ......hell yeah . People are making too much money anyway just ask any Republican. I'd like to see everyone in America suffer right along with my delusional outlook on life . My Republican friend told me the other day he got a job with the local septic service,starting pay was 10 bucks an hr n all you can eat . Now if that ain't ' Makin ' America great again .Don't fear a layoff ,just embrace it because votes don't lie.

The CEO’s belong in prison for grand theft right along with our politicians!

What do you see happening here?