Or is it naive of me to think that would make any difference?
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Simple answer is NO. If you work for GE, there is always the possibility of a layoff.
More layoffs for Power call backs in 3 years if your lucky. Bye bye cry baby T Rates.
This isn't hard to figure out relative to Power lay-offs. GE won't want to close down Schenectady given EPA/DEC concerns. So they'll leverage negotiations to reduce cost (higher health care premiums, freeze pension for even those than were grandfathered, eliminate retiree health subsidies, etc.). If GE gets it via negotiations layoffs will occur elsewhere, if not, Schenectady will be service/rebuild on facility only.
Tie goes to the runner.
Hey crazy boy, just what was your nickname before you were fired? I mean if there's something better than "Crazy Boy" I'd be happy to use it.
Just a troll. Culp has said that these results are neither positive nor negative. It's steady as she goes for GE. Plans for the year, good or bad, are unchanged Crazy boy just wants to talk about layoffs.
Fewer layoffs? Of course. But let's look at those of us who will remain. What will we face? Stagnant wages for legacy employees and salary? Two-tier pay for new hires? Higher health care premiums and less benefits? Underfunded pension? Or better yet, elimination of pension credits by stopping the Pension plan? The list of woes will continue, I am afraid, for the benefit of the stock price and Executive pay.
Naive, Managers are required to optimize their own units, hence if Power is overstaffed (they are) then folks have to go. Doesn't matter about recovery in other business units.
Financial results were better than expected because of layoffs it means they are working