Thread regarding Baker Hughes layoffs

General Electric Co. is planning to cut 12,000 jobs

General Electric Co. is planning to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer.

The reductions, accounting for about 18 percent of GE Power’s workforce, include both professional and production employees, the company said Thursday in a statement. The world’s largest maker of gas turbines said the unit needs to become leaner as customers turn away from fossil fuel-based energy sources.

“This decision was painful but necessary for GE Power to respond to the disruption in the power market,” division chief Russell Stokes said in the statement. “Power will remain a work in progress in 2018. We expect market challenges to continue, but this plan will position us for 2019 and beyond.”

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14 replies (most recent on top)

Yep pension stopped. Losers

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Hey boys can you confirm if your pension had stopped already? 😂😂😂😂

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Chuffed...aye

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BOD management might be rubbish but can't be as bad as the clowns at stoneywood..

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GE falling apart BHGE next. Wha a bunch of losers. More layoffs, low wages an more pay cuts coming, losing contracts s, incompetent management, no pension larfing stock of the industry.

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Bad management just go to BOD then you will see what bad management is nothing but BUBBLES SPUNK BUBBLES THAT IS, it a sad place to work

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Get rid of useless stoneywoods managers backside off on to street 😂😂😂😂

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GE stop BH pension to stop rot and better cash flow

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The vision to tie up GE and BH together was GE Digital enhancing data acquisition and distribution. The only problem is GE Digital has gone belly up and ready to disband. What a freaking mess this ship is going down. That's why GE wants to get rid of these losers.

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BH is falling apart. No one wants them and can't afford to even own there own company as losing so much money.

Bye bye BH

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yxp - go back in yer hole you turd

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You won’t have to worry about the BH part we won’t go under. It’s you clowns at GE that’s fooking things up the sooner bakerhughes buys back the 62.5% share the better. You have heard the saying get the monkey off our back

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BHGE will be hit hard heads will roll and more cost cutting. Bad management f----- everything up

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Not good. I don't see a bright future for BHGE either.

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