General Electric Pursues Spinoff, Sal...

General Electric Pursues Spinoff, Sale of Consumer & Industrial Division

There are 5481 comments on the Bloomberg story from Jul 10, 2008, titled General Electric Pursues Spinoff, Sale of Consumer & Industrial Division. In it, Bloomberg reports that:

General Electric Co. , two months after placing its century-old appliance unit on the block, said it plans to spin off its entire GE Consumer & Industrial group to shareholders as Chief Executive Officer ...

Join the discussion below, or Read more at Bloomberg.

gegone

Durham, NC

#4039 Oct 6, 2010
OHIOLAMPER wrote:
<quoted text>
===
Don't forget. Ohio Lamp is still going on strong. Lots of orders.
Probably building inventory to dump them too...
spendthrift

Windsor, IL

#4040 Oct 6, 2010
Does anyone know where Matt Novak went to?
Iwasalamper

Mount Morris, MI

#4041 Oct 6, 2010
spendthrift wrote:
Does anyone know where Matt Novak went to?
____

He left Ohio Lamp, and went to bucyrus. Ohio lamp is getting some monies invested in it too though and a possible new product.
pcola-ge

Pensacola, FL

#4042 Oct 6, 2010
OHIOLAMPER wrote:
WOW,
Remember the pay freeze.
==========
OL AGREES TO FREEZE wrote:
We gave in and agreed to the freeze. We will have no more layoffs. No four day work weeks. and our plant on now secure. We got a sweet deal.
------
Sweet deal ......
Come back in 1 month and let us know what the layoff number they announce is ...
----------
LOL, Ohio Lamp is still growing stronger each day.
they told us the same thing. i think thats just the common ge selling bullshit line. they said if we did it(pay freeze) we would save the plant. but some how they were able to keep their scheduled increases cuz that somehow did not threaten the plant
pcola-ge

Pensacola, FL

#4043 Oct 6, 2010
big announce tomorrow about our tlow. we have nothing in writing and they do not honor what they promise. they are saying its very complex. they promised in the past to use seniority but their kiss asses are low on the seniority pole and they are trying to ignore seniority and keep who they want. a lot of back stabbing going on. they dont even take questions during these meetings to avoid pushback and having to change what they have planned
clueless

Cleveland, OH

#4044 Oct 7, 2010
pcola-ge wrote:
big announce tomorrow about our tlow. we have nothing in writing and they do not honor what they promise. they are saying its very complex. they promised in the past to use seniority but their kiss asses are low on the seniority pole and they are trying to ignore seniority and keep who they want. a lot of back stabbing going on. they dont even take questions during these meetings to avoid pushback and having to change what they have planned
The whole PLANT should just leave before the meeting starts and take SICK time for the rest of the day. When they have no one at the meeting they will take notice. They don't let antone talk anyways so why not let them talk to the walls. They are not going to change what they are going to do because someone complains ........ JUST A THOUGHT ..........
switchgear builder

Louisville, KY

#4045 Oct 7, 2010
Correction for SWITCHED...GE Burlington plant has 60 days to come up with cost savings of 8 millon. Then the plant might stay open. We never employed 1400 people. Maybe 1000 tops during the .com build up.
illinifan

Florence, AL

#4046 Oct 7, 2010
switchgear builder wrote:
Correction for SWITCHED...GE Burlington plant has 60 days to come up with cost savings of 8 millon. Then the plant might stay open. We never employed 1400 people. Maybe 1000 tops during the .com build up.
We had 1100 when i worked there but 200 of those were temps.......
illinifan

United States

#4047 Oct 7, 2010
We had 1100 people when i worked there but that included 200 temps at the time......
clueless

Cleveland, OH

#4048 Oct 7, 2010
switchgear builder wrote:
Correction for SWITCHED...GE Burlington plant has 60 days to come up with cost savings of 8 millon. Then the plant might stay open. We never employed 1400 people. Maybe 1000 tops during the .com build up.
That is there wy of saying LOOK ---- You could not find a way to find of cost savings so we are going to forced to close the PLANT. Mangement never will take the blame for them not finding a way to save the monies that they want. ALWAYS the employee's fault ....
OHIOLAMPER

Youngstown, OH

#4049 Oct 7, 2010
pcola-ge wrote:
<quoted text>
they told us the same thing. i think thats just the common ge selling bullshit line. they said if we did it(pay freeze) we would save the plant. but some how they were able to keep their scheduled increases cuz that somehow did not threaten the plant
=====

Ohio Lamp is a specialty plant. The lamps made there do not fall under the "energy saving law" that will take place in two years.
The lamps made there are in high demand. Ohio Lamp will be there for years to come. They will hire mechanic's soon. A new product
will be coming before the end of the year.
inorout

United States

#4050 Oct 7, 2010
clueless wrote:
<quoted text>That is there wy of saying LOOK ---- You could not find a way to find of cost savings so we are going to forced to close the PLANT. Mangement never will take the blame for them not finding a way to save the monies that they want. ALWAYS the employee's fault ....
they told us the same thing down to the amount we had to save tell them to stick it they will close you no matter what you do
pcola-ge

Pensacola, FL

#4051 Oct 7, 2010
clueless wrote:
<quoted text>The whole PLANT should just leave before the meeting starts and take SICK time for the rest of the day. When they have no one at the meeting they will take notice. They don't let antone talk anyways so why not let them talk to the walls. They are not going to change what they are going to do because someone complains ........ JUST A THOUGHT ..........
wouldnt work because they have informants on the floor that run and tell them when the slaves are about to rebell.
Vapored

Aurora, OH

#4052 Oct 7, 2010
RLP Retiree wrote:
<quoted text>You are correct. If Obama gets his Cap and Trade Bill passed, that will be the end of what's left of the USA made lightbulb manufacturing as we know them. The environmental regulations would kill what's left of the lighting industry in the USA. The only answer is to vote in the RepubliCANs in November to stop this liberal environmentalist agenda of Obama. Voting for the Democrats in November is voting to send your job to China.
I couldn't of said that any better!
Spinned

Aurora, OH

#4053 Oct 7, 2010
lampgirl wrote:
<quoted text>
Not so much a rumor. They have been picking & choosing jobs in the plant that the R-1's are "allowed" to do, at their regular pay. Screwing R-11's out of coming back, screwing R-1's out of R-11 pay. Win-win for management, lose-lose for all the employees.
That is NOT true!

Since: Mar 09

Location hidden

#4054 Oct 7, 2010
clueless wrote:
<quoted text>The whole PLANT should just leave before the meeting starts and take SICK time for the rest of the day. When they have no one at the meeting they will take notice. They don't let antone talk anyways so why not let them talk to the walls. They are not going to change what they are going to do because someone complains ........ JUST A THOUGHT ..........
Everyone calling in sick would constitute a sick-out, and sadly that is grounds for termination (Union has no backbone). As stated in another posting, the rats will tell management about it. I would not do it.
clueless

Cleveland, OH

#4055 Oct 8, 2010
Mira Loma wrote:
<quoted text>
Everyone calling in sick would constitute a sick-out, and sadly that is grounds for termination (Union has no backbone). As stated in another posting, the rats will tell management about it. I would not do it.
I know what you mean about RAT'S romming every plant, and running to tell on everything going on.
WTF

Milwaukee, WI

#4056 Oct 8, 2010
Rats telling on the snakes....what a world we live in!:-)
lampgirl

AOL

#4057 Oct 8, 2010
Spinned wrote:
<quoted text>
That is NOT true!
What part isn't true? The R-1's have been on the floor building mounts(it's called pucks & stems). They don't get paid R-11 wage to do this, so they are screwed. R-11's are still on the street, so they get screwed. Management looks good on paper to Nela, because the work is getting done with fewer employees. But because the R-1's are on the floor, there is no one doing their job of repairing mounts, those parts get outsourced to a company paying much lower wages. As I said, win-win for management, lose-lose for the employees.
pcola-ge

Pensacola, FL

#4058 Oct 8, 2010
when a TLOW is offered, do people jump on it or avoid it? do you get a lot of volunteers?

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