Over the sale of the Edison light bulb factory. Soon Other Factories will close or be sold.
10 replies (most recent on top)
Stocks took a big hit today after GE completes this sale. Not enough to cover pension fund or power. Just waiting for my pink slip and I’m not returning again. It was a big mistake coming back! People are not happy with this A,B,C job classifications. Funny how it’s similar to the battery plants pay scale. How did that work out?
This sale and now the company can continue to downsize the core products of this failed greedy conglomerate. Get ready how will GE free up cash? Aviation won’t carry power any longer!
The company expects commercial jet engine installs to fall about 45% in the second quarter, with sales of aircraft spares declining about 60%. Let me look into my crystal ball. Hmmm.. More layoffs!
General Electric CEO warns of negative cash flow in 2020. Anything else they can sell?
The stock is already tanking! That was short lived. We are at the point where we were eating our own limbs to survive. Sooner or later, there will be nothing left to sell.
bep+15aK8uVL. The money will be used for executive pay and bonuses. They haven't missed a bonus yet, check the SEC filings. Giving up a portion of their pay was just a diversion for the peasants.
bep+15aK8uVL. The money will be used for executive pay and bonuses. They haven't missed a bonus yet, check the SEC filings. Giving up a portion of their pay was just a diversion for the peasants.
I'm just kidding you can use it and we don't sleep in the cage anymore thank you to the T RATES! :) I
Please don't use Barb's Snack Shop I came up with that!
Good! The sale will help pay for all of the early retirement offers and IEA payments for the RIF in Aviation.