Thread regarding General Electric Co. layoffs

3rd Q Earning Report Tuesday

General Electric may report a disastrous quarter.

"The industrial corporation is confronting a variety of challenges, including rising raw-materials costs, supply-chain issues, a highly cyclical Aerospace division, and increasingly unstable free cash flow guidance."

"I find it difficult to imagine that General Electric will meet its reduced free cash flow target given that free cash flow was only $162 million in the second quarter and minus $718 million in the six months ending June." - Seeking Alpha

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| 2152 views | | 9 replies (last January 16, 2023) | Reply
Post ID: @OP+1jkzkkzz

9 replies (most recent on top)

Renewable energy is a Mickey Mouse business.

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Post ID: @1oofd+1jkzkkzz

The nice thing about transparent accounting is that you can tell where the layoffs need to be. No need for rumors. Renewables is the cash sink.

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Post ID: @3dpq+1jkzkkzz

After this report We will see how many get laid off before the contract at 273.

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Post ID: @2qyv+1jkzkkzz

No raises, higher healthcare and be grateful you keep your job by next contract here in Good ol 273

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Post ID: @2dim+1jkzkkzz

Only the T’s low on the list should be afraid of job eliminations and job cuts. The price is right for the company to divide the union and make it weaker.

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Post ID: @2fwl+1jkzkkzz

Wouldn't surprise me if they land a turkey with the quarterly results... It would help them cut the bonus for salaried employees.

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Post ID: @2udq+1jkzkkzz

The article says that the "union is a family.". In Schenectady, the union is a disfunctional, incestious family. Who would want to be part of that family?

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Post ID: @1hql+1jkzkkzz

Pink slips will come with a Christmas bow this year!

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Post ID: @1sml+1jkzkkzz

This will also happen on Tuesday.

https://dailygazette.com/2022/10/21/union-workers-to-protest-at-ge-schenectady-plant/

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Post ID: @mst+1jkzkkzz

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