Guys - this an old thread, look at the date associated with the original message 1 year ago. Post a reply. I also thank God I took another job and got out of GE. The laid-off employees were those who went through the process to be on the bench for about 90 days by their business units but could not find billable projects. The company said this was largely due to automation as a significant part of the support queries is now being resolved by chatbot enhancing overall speed and quality of customer service. Saint-Nazaire steams ahead Friday, 24 January It's anonymous! New Chief Executive Officer John Flannery has told senior-level executives to prepare for cuts at headquarters and other areas of the company that do not produce revenue or profit. Management ego, deceitfulness, fraudulent bookkeeping, over leveraging, bad acquisitions, bad loans GE Capitalopen end insurance mostly under the "Crooked Jack's'' tenure only to be continued by handpicked Jeff Imelt. The IT company said it aims to reskill and redeploy around 5, of the associates impacted.
Macron govt under fire as General Electric cuts 1, jobs in France In the company announced 6, job cuts across Europe, and two. disclosed that it shed 30, workers last year as the conglomerate restructured its operations and sold off some business lines. GE also has been cutting jobs from corporate functions and headquarters. In his first letter to GE shareholders, Chief Executive Larry Culp reiterated.
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The corporate cuts haven't dramatically affected headcount at GE's Boston headquarters, Highest-Paid Chief Executives in Massachusetts.
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Companies restrict travel to China after outbreak. New York CNN Business General Electric revealed plans on Tuesday to slash up to 1, jobs in France in a bid to halt the downward spiral of the conglomerate's power business.
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The corporate tax bonanza is likely to stall the extent of job losses, but whether it will lead to job creation is something that remains to be seen. Some of the biggest names in the auto industry have announced no-production days, laying off temporary staff and cutting down investment.
GE was blindsided by the speed of the clean energy revolution, leaving the company with excess capacity for natural gas turbines.
The job cuts, which are not finalised, would principally be at its site in Belfort, near the border with Switzerland.
France pledges to fight for plant where GE plans 1, job cuts Reuters
of the job cuts would be in. Shortly after closing that deal, GE unveiled a series of job cuts across Europe as slumping oil and gas prices crimped demand for its heavy-duty.
In a letter sent to employees, Cognizant CEO Brian Humphries wrote about job cuts, delay in increments and more under the company's 'Fit-for-Growth' plan.
Your name or pseudonym optional. Massachusetts got burned by GE!!!
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The move will better position the company to take advantage of the expanding renewable energy market worldwide while strengthening its balance sheet, Chairman and CEO Lawrence Culp Jr. See more with our Freemium Service.
GE layoffs It's cutting 12, jobs
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|Le Maire told France's lower house of parliament that he will look to guarantee the industrial future of the Belfort site.
Video: Ge pay cuts GE to Cut 12,000 Jobs in Power Business
The road transport and highways minister also said a scrappage policy, which also includes two-wheelers, is in the works and will be launched soon. Sign up now! But the Belfort facility is exposed to the rapidly changing energy market. Capgemini lays off in India as business slows.