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Old 12-07-2017, 07:17 AM
Chicks Chicks is offline
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GE Cutting 12,000 Jobs

More Trump winning! Are you tired of all the winning yet?

http://money.cnn.com/2017/12/07/news...uts/index.html
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Old 12-07-2017, 08:26 AM
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This is due to the decline in power generation from coal and natural gas.
So guess the Trump's promise of a resurgence in coal mining is not working?

Companies like GE, Honeywell are still living in the 60's & 70's culture and unless they change their operating philosophy, their survival will be doubtful.
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Old 12-07-2017, 12:29 PM
MrPots MrPots is offline
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Indeed..while other countries are making giant steps in clean energy the US is mired in old outdated energy technology, mythology and a gripping fear of moving forward.
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Old 12-09-2017, 05:00 PM
ZeroJunk ZeroJunk is offline
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Yep. The darling of Obama.
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Old 12-09-2017, 06:38 PM
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Yep. The darling of Obama.
Who?

Sorry, me boyo but when are y'all gonna start taking responsibility for your own fuck ups?
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Old 12-09-2017, 07:05 PM
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Wounder if Hairer (Chinese owned) being the new owner of GE has something to do with the job loss?


Like taking the equipment, processes and technology back home where labor costs is one tenth.


Barney
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Old 12-09-2017, 08:03 PM
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Say wha? GE is a major major defense contractor. Develops and builds military jet engines and much else. We let the Chinese buy that?
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Old 12-09-2017, 08:09 PM
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OK, turns out Hairer only bought the appliance business, not everything.

The 12,000 come out of one of the units still left in the US company, GE Power.
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Old 12-09-2017, 09:21 PM
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That is good news, for here in the Derby there is still GE Appliance Park. A very big employer. There has been rumors of layoffs and that was my first thought.

Barney
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Old 12-10-2017, 01:13 PM
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CarlV CarlV is offline
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That is good news, for here in the Derby there is still GE Appliance Park. A very big employer. There has been rumors of layoffs and that was my first thought.

Barney
I think this new tax plan will choke the economy as people who have an extra nickel will hoard it. Or maybe invest it in China if that is possible. They will win the battle but lose their war on the working class.
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