Russel Stokes stated on wednesday a reduction of the manufacturing and repair footprint by 15 sites in 2017. I wasn't aware of this - anyone got insights which sites are affected?
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Topics regarding layoffs at GE Power
Layoffs are happening in Schenectady? Both my VP’s and all the directors on my team haven’t heard a word here in building #1 other then some rumors. I know that we did loose one team member back in June and it was awful. GE refused to extend his... read more
Is more layoffs coming in May when the company re evaluates the plant? Speculation is that there is going to be 300 more and they are going to turn Schenectady NY into a service shop. Does anyone know? Good luck to Schenectady NY!
Correct me if I'm wrong: IEA= Full weekly pay(with shift diff.) times years of company service. Then Drawn on weekly with NY Unempl. benefts to = 90% of full pay
How can a seniority based union shop have a layoff and people with less time than another get laid off? THE SCHENECTADY NY LOCAL 301 BLOWS JUST AS HARD IF NOT HARDER THAN GE!
Based on the posts here I can see that many folks are wondering about hourly layoffs in 2018. GE will definitely not be having any hourly layoffs this year. Here is why: Reason #1: Continuing to build product at a full rate pace even though both... read more
TLOW. Then no TLOW. No layoffs, then layoffs. These idiots don't even know how to do layoffs right.
TLOW was all set first of the year but now they tlow meeting is off today. Changing the tlow numbers or company is going re-evaluate the whole plan for something worse. Any other feed back?
Fieldcore disaster Am I the only one that is seeing the announced fieldcore disaster? GE managers are messing up one more time giving out to third part low cost company years of knowledge. Granite used to be the manpower provider for GE, the added... read more
Stack pit, punch line, machinists wind stand. TLOW. GOES through fiscle week 1-17. Starts jan 1st. Week 1-2, 122 tlow s Week 3-5 total 145 tlows Week 6 total 162 They all have return dates. That's total 162 . It gets us through jan-april. Basically... read more
UK workforce will be cut by 6% Can read it more here: /
I posted not long ago saying the economy is in a recession and there will be major layoffs, and of course was met by the ignorant mockers and scoffers. Next time mockers, do some research before you open your mouths. Oh and BTW, this isn't the end of... read more
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GE Power service recently fired all their turbine technical advisors and told them can come back as temp agency Field Core employees with huge pay and benefit cuts. Much worse is they will no longer get overtime pay for typical 60 and 84 hour weeks... read more
I see Schenectady had 75 salaried. How many got hit in Atlanta, Greenville, Houston, and Bangor? What about overseas in Europe?
What are your thoughts? My leader in engineering said we would have an action similar to March 2017 soon. If orders remain slow into 2018, then additional actions will occur. Long and drawn out process if business continues in down cycle. My thoughts... read more
Is this the calm before the sh1t storm? Literally not hearing anything following the debacle that was the all hands on deck. If Stokes is going to start stripping out $2Bill of costs when does that start?
GE Power has the same problem with steam turbine and generator production. The new facilities they built in India, China and farm out of all parts has devastated Schenectady shop load last three years to very low efficiency and high cost of low... read more
I'm a long term guy and I had a lot of respect for the company when I was hired. It wasn't until year 4-5 that I started to see how badly this division was run (power). Managers only care about their metrics and bonus and don't want to hear your good... read more
All you confident hourly workers who really believe your jobs are safe with the condition this company is in are in total denial. They will use you all like they've used everyone else. To push their damn product while staying calm and focused but... read more
Non performing BD managers ans staff do contribute to maximum loss on securing business..Technical and project amangemebt responsible for delivery delay and penalty clauses and these both are ignored for lay off. Holistic RCA aling with lean... read more
The same is planned in Siemens. After being fired from GE there is no point to search for the job there. Siemens is holding rumors down -> not to get GE share behavior as their financial statement seems for some analysts to be "tricky".
They are looking to layoff 400 hourly from Greenville, and upstate NY starting in November. Also in June-July layoff more and hire you back as a contractor. (Well who would be dumb enough to work in a union shop as a contractor? Probably less pay and... read more
GE is currently trading at $20/share. With a PE of 25. Competitor Siemens is at $71/share and PE of 17. GE (Earnings Per Share) EPS = (20/25)=$0.80 Siemens EPS = (71/17) = $4.17 In other words, to investors I’m better off buying a stock with a better... read more
1300 less in Switzerland /
Big layoffs coming to GE Power first before they cut the dividends. Nemesis Prime was right again. I predict December layoffs for blue collar workers in Power. Found this on the General Electric general board, I thought it would be good to move it... read more
Reliable sources out of GE Power in Schenectady, NY have received word from the corporate brass that major job cuts are coming to Schenectady. This should come as no surprise to the people who work there who have witnessed the work environment... read more
One of our competitors I’m the Power devision sector just announced layoff in the thousands. GE has over the years fallow suiton what other companies have done. Imelt got pushed, Bolz quit, Bornstein quitting. GE Power is screwed. Thousands will be... read more
Employee Unions are being consulted as we speak. Numbers change every month with stock price decreasing. Last rummors in baden, switzerland mention about 870 people fired out of the current 2,500. God bless Europe' unions messy laws, saving us for a... read more
Hearing the same rumor (25%-30%) circulating in Greenville. Some of the 25% will (reportedly) be from closing entire facilities. The rest will be sprinkled throughout the various 'Power' locations, primarily Greenville, Houston, Atlanta and SCHY. Put... read more
They closed the Power Conversion site in Pittsburgh and laid off 280 workers -- the letter said that we were being laid off because of a plant closing 'as defined by the WARN act.' They never filed a WARN in PA. PA Dept of Labor said it appeared they... read more
Worked 4 GE Gas Turbine for 24 yrs. - I've been been retired for about 5 years now, I really do enjoy retirement. Not many companies would have done what GE had done for me - took ins. with me plus my wife great retirement and life inssurance plan... read more
It’s all over! Get resumes ready! Manger’s need to lower their ego’s and realize that their title don’t mean crap in the outside real world. They might claim to be perfect, and always right in GE. The truth is many of them have a superior ego... read more
What else is new ? Same o same o . Why don't corporate get there money back they gave to top management. They didn't earn there money! Na shake down everyone else. Well I'll tell you this, not many left. Then what ? Lay off make believe people ?
The Management Team is Setting up Schenectady To Fail!! How is Schenectady suppose to improve and become more lean? When Schenectady gets rid of experienced engineers, and management! Then replace them with college kids with no experience? Double the... read more
Yes....some very talented experienced engineers have lost their jobs. Where will they land? working for the competition and helping eat GE's lunch down the road. You got three players on this industry, Siemens, MHPSA, and GE. If these folks are not... read more
Second wave of layoffs is on going right now. 350 layoffs for white collar. What's next for this heartless company? Blue collar?
The second wave of layoffs coming for white collar GE employees is going to be announced within the next week or so. Okay, I am seeing this or similar posted all around GE Power boards, and I am trying to figure out why is everybody so sure another... read more
New CEO, layoffs of white collar, what's next more plants closings? More layoffs in GE power?
My gut feeling is more head chopping will occur in GE Power before the end of summer. This is only a gut feeling as I don't have any intelligence on the scheduled date. Too many bad things are getting worse. Sales are without a doubt dropping, cost... read more