The negative cashflow of GE in 2019 will be due to the huge headcount reduction in Power. How can a business running in losses for last few years afford to employ 60k to 70k employees, some of them coming to work just to warm their seats!!
Look at the news of US states starting to ban gas and favoring renewables...what impact will it have on GE Power? ....Dark days ahead...prepare your resumes and start searching...it cant get worse than this...
The local beers in Belfort are awesome...especially the Pink Elephant
It looks like I managed to catch hate from both the union slobs AND the inbred redneck factions.
Alea iacta est
The reason why GE Power cannot cut the France operations is because the facilities are better and more valuable than anything they have in the States, whether that's Schenectady or Greenville. For all of the issues in France, their workforce is still more skilled than the union slobs in SDY or the inbred rednecks in GVL. They may ultimately decide to get rid of both of those and move all to Belfort. It even kind of makes business sense.
I am baffled why GE Power cannot cut the Alstom cord and legacy France operations. GE simply does not have enough business in Power to sustain multiple factories if FCF is negative AGAIN in power. If you want to keep EU operations open make them service shops with the higher CM's and reduce headcount. I know when you layoff someone in France you got to pay them for many months (~ 39). So, what ! make the decision and take the write downs in 2019 and be done with this BS.
@weh now that’s funny!
This is all a big setup. Write down 2019 as much as possible , get rid of more good employee's, close operations, clear off everything they can on the balance sheet. When orders pickup in 2020 and 2021. They make significant money , stock rises , the leadership clowns cash out like always do and the employees get screwed. I see more assets are for sale. So, expect that to continue.
Maybe they can find a way to make laid off employees pay the Company a severance fee instead of the Company paying for a package for them.
That would turn GE's cash flow fortunes around overnight!
How can the negative cash flow be due to headcount reduction? Well I'll tell you. The reason is everything is horrible and getting worse. Times are so bad that even what you take for granted, like algebra, don't work anymore. The end is nigh my friend. Take shelter.
Cash will be used up in "restructuring cost"....severance package etc.
https://m.timesunion.com/business/article/Niskayuna-visit-impresses-GE-CEO-13666784.php?cmpid=fbsocialflow&utm_campaign=socialflow&utm_source=facebook.com&utm_medium=referral
post makes no sense. how can the negative cashflow be due to headcount reduction?