Thread regarding Baker Hughes layoffs

New Email sent out today.....

What is everyone's take on the latest NO changes at GEBH??

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19 replies (most recent on top)

A lot of overpaid-underworked people. Need to clean the swamp.

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Don't need pensions in shetlands. Nothin to do there and the only thing to eat is pie beans n chips.

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Where is the UK pension pot went???HMRC now involved??

by | Post ID:

Hey baker boy why u no have pension? GE throw yu under bus 😂😂

by | Post ID:

Cat is out of the bag and no pension. Only losers work for zero pension 😩😩

by | Post ID:

GIMMIE DEM BHI BENEFITS. GE's benefits are so terrible.

by | Post ID:

Huge Buttocks of fire...aye

by | Post ID:

Ha ha with the pay cuts coming next year more pay off and now confirmation of no pension BH is just going further down the pan.

Only total losers would still work for them.

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Hey I never signed up to no pension. Wha the f--- is going on.

by | Post ID:

The pension stops from next year but that's supposed to be confidential ffs

by | Post ID:

Num nuts that e mail is private and confidential. So why have you put it on here

You have to be a knob scoffer

by | Post ID:

Are people in this company as thick as they look? Waste of an education working here.

by | Post ID:

No more integration?

by | Post ID:

I don't get your logic. As I understand it, GE doesn't own BHGE. They own stock in BHGE. What GE wants is cash (and to exit O&G). If GE were to trash BHGE, the stock price would be worthless and they would be shooting themselves in the foot and miss out on the cash they need. No doubt GE wants to sell their stock. Problem is there aren't many with the cash to buy it. So GE wants to keep the stock price up and try to sell it as quickly as legally possible. What comes after that is another story.

by | Post ID:

No doubt about it GE is going to shaft BHGE big time to help get out of the mess they're in.

by | Post ID:

Isn't the BHI pension and RMA being eliminated in 2018?

by | Post ID:

Legacy BHI benefits are MUCH better

by | Post ID:

As legacy GE, hope the legacy BH benefit plan that is saved (for the moment) is better than GE's and we have a chance to move over.

by | Post ID:

The writing is on the wall. They are circling the wagons preparing for the inevitable release from GE. In a sense, it is probably a good thing that BHGE is at least aware that GE is going to try and do everything they legally can do to get out of the current situation. So in that sense, it's somewhat positive. Better than BHGE ignoring it and then being "blind-sided" by it a few months from now.

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