Schenectady will never sell or close. That site is a environmental nightmare. It’s cgeaper to keep it open than to clean it up plus they can’t afford to have all the environmental skeletons dug up.
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I started at GE Schenectady 20 years ago. One of the first things I heard was the place was going to close. Come to find out, people have been saying that for 50 years. The one thing that Schenectady has going for it is some of the unique machines, both in size and application that they have there. That being said, anything is possible. I hope they do close and offer me a retirement package!!
GE Nuclear division at Wilmington, NC is a good candidate for sale if they can find a buyer. Absolutely no potential for future business.
All you trolls make me laugh, Schenectady campus isn't closing or being sold...
This is R32KoU5-eod again. I don't need a straight jacket I defiantly know now. My cat has picked. Its all going to Switzerland near Beer or Birr or something like that. Your absolutely right about Schenectady. There going to spin it off as a corporate park under a different name so they wont have to pay clean up the brown field. After a few years they will either turn it into another casino or put a amazon distribution center there.
There would be some NEWS GE SCHENECTADY CLOSES TO BE REPLACED BY AMAZON
GE BUILDS JET POWERED DRONES TO SPEED PACKAGE FOR AMAZON PRIME
Year 2020 Mitsubishi Industrial with 2 billion in disposable income each year buys stock for two consecutive years. The "Train" fund a few years prior bought just one billion getting a seat on the board. Mitsubishi with a controlling share buys GE then say lets move it back to our island. Greenville stays.
Yes, rumor is Schdy is closing down, or at least being sold off. It won't be needed once GE sells the steam business. It's an expensive, arrogant, and entitled site that is a waste of GE's $$.
Looks like poor little R32KoU5-eod is going to need a straight jacket. Dude - NOTHING will ever move to Schdy - get over it.
Fact: Opinions can be wrong 😀
There is at least one person posting bitter and nonsensical responses to legitimate comments or questions such as the one below. This site needs to require an ID and an ignore button.
How about stop renting office space down in Atlanta? What about just stop building a corporate headquarters in Boston save a 100 mill and they can move to somewhere in Schenectady. Since "Train" bought a bunch a shares how about them bunking up with them in NY NY to make up the 2bill they want to save.
Better yet just close them all up lease and out source all current designs. Screw R&D cost to much farm that out to India and China were patent law is getting "better." Might as well just buy a Hitachi or a Mitsubishi units change a nameplate. Who needs a GE bank lets just spin that off see how it does SYF look they have 2 billion with a B and 30% margins
Does any of that make sense? Im just roll the dice on the plant closing or let my cat pick it!