Going to be shut down is what this means. Don’t worry GE is planning on shutting down other plants as well
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$250 Million/year savings have to come from somewhere! WABTECH will find the lowest cost producing location. This can only mean one thing = Erie plant will be closed down soon!
see ya s---ers!
Step 1) Wabtech owns it as of this morning...
Step 2) What good is a union to fight GE, if GE no longer owns it directly and is now just a stock holder of Wabtech? Time to make the case of what is best for Wabtech ether Fort Worth or Erie.
Step 3) Figure out a new path in life as the executives and corporate raiders have figured out a new path as well for GE by selling it off one piece at a time. Don't you know... Greed is Good as they Make America Great Again!