GE Power remains in Major Trouble. 2019 is forecasted to be another down year as overall power products are in decline globally. Adding salt to the wound, GE has a reputation of producing flawed gas turbines in a market that it once dominated. GE has lean actioned the quality and reliability out of its products. GE’s bad reputation will prevent GE’s recovery. Layoffs will begin snowballing throughout GE’s Power Division unlike any layoffs GE has ever experienced. GE has always executed layoffs as standard business practice but the layoffs coming soon will be for basic survival.
This was originally posted on another thread. Tend to agree with @NIG4ud0-8sqlx ‘s view of the situation at GE Power and the predictions that he made.