General Electric Pursues Spinoff, Sal...

General Electric Pursues Spinoff, Sale of Consumer & Industrial Division

There are 5495 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.

ctlatest

West Haven, CT

#403 Nov 8, 2008
Michael petraeus has confirmed that spin-off for GE C&I is off now.
GEOLCOW

Youngstown, OH

#404 Nov 8, 2008
Well, we can only wonder what is in store for our future now... Another game and sit and wait and see what happens...

Nothing to report her in Warren, Ohio lamp...
Good Enough

Elyria, OH

#405 Nov 9, 2008
former RLP employee wrote:
<quoted text>
Well just like all the other so called managers at that plant they know nothing about business , they are all money hungry puppets.. Also watch out for the other employee's in that plant that will take your picture and run to mangement to have you fired to try and save their our job..... Thank's Steve the Rat Boy.
Know what you mean. Have a lot of years myself and do not TRUST MANAGEMENT HERE OR PEOPLE LIKE RAT BOY.
Good Enough

Elyria, OH

#406 Nov 9, 2008
Know what you mean. Have a lot of years there myself and do not trust any of management or your favorite RAT BOY.
GEOLCOW

Youngstown, OH

#407 Nov 9, 2008
Good Enough wrote:
Know what you mean. Have a lot of years there myself and do not trust any of management or your favorite RAT BOY.
===

Who is "rat boy"
Lampmaker

Ashburn, VA

#408 Nov 10, 2008
OFF TOPIC...So sad for DHL in Wilmington.8000 jobs lost in Ohio.
JEFFYSUKS

Charleston, IL

#409 Nov 10, 2008
Lampmaker wrote:
OFF TOPIC...So sad for DHL in Wilmington.8000 jobs lost in Ohio.
SORRY not thinking so good this morning . What or who is DHL.

“It's a dog's life”

Since: Jan 08

Amish Country

#410 Nov 10, 2008
JEFFYSUKS wrote:
<quoted text>
SORRY not thinking so good this morning . What or who is DHL.
DHL is a delivery company similar to UPS.

Since: Sep 08

Location hidden

#411 Nov 10, 2008
dhl is the other ups, what about the spin off are they going to sell appliances or lighting ???? this living and working in a constant state of limbo suxs
JEFFYSUKS

Charleston, IL

#412 Nov 10, 2008
OK got it thanks.(DHL)
Selling appliances or lighing??? wish I knew also.

Since: Oct 08

AOL

#413 Nov 10, 2008
We had a welcome back meeting today at Ravenna to discuss future LOW weeks. A question came up about the sale of appliances and from what I took out of the meeting was this: an announcement concerning the sale of appliances will be made in two weeks -(done deal?) and that they hoped with that announcement they would also state what thier plans are for the rest of C&I.

Since: Oct 08

AOL

#414 Nov 10, 2008
GEOLCOW wrote:
<quoted text>
===
Who is "rat boy"
Some snitch at the Ravenna Lamp Plant who thinks by telling on other employees he'll earn a great big promotion to management.

He's a very lonely soul... to say the least.
GEOLCOW

Youngstown, OH

#415 Nov 10, 2008
Rumor Mill wrote:
<quoted text>
Some snitch at the Ravenna Lamp Plant who thinks by telling on other employees he'll earn a great big promotion to management.
He's a very lonely soul... to say the least.
===
I imagine his life is lonely... Company will kick him to the curb along with the rest when his time comes... They can not save him... What a "Jerk"...
GEOLCOW

Youngstown, OH

#416 Nov 10, 2008
Rumor Mill wrote:
We had a welcome back meeting today at Ravenna to discuss future LOW weeks. A question came up about the sale of appliances and from what I took out of the meeting was this: an announcement concerning the sale of appliances will be made in two weeks -(done deal?) and that they hoped with that announcement they would also state what their plans are for the rest of C&I.
=====
Well, if we remember, somewhere in this post someone said they would hand out a pamphlet for us to review over the Thanksgiving holiday... If this is true about announcing the future of GE in a couple weeks and the selling of appliance.. then they are right on schedual... Well, maybe in two weeks we will know where we stand, lye down or over bend-over with/for them.... Either way, I would like to know something and they need to at least post something about it... So, we shall wait, yet another two weeks...
We return to work on Wednesday after being off since the 1st on Nov., can't wait to see what the rumors are, especially since all American jobs are getting trimmed down to nothing...

“It's a dog's life”

Since: Jan 08

Amish Country

#417 Nov 10, 2008
Rumor Mill wrote:
<quoted text>
Some snitch at the Ravenna Lamp Plant who thinks by telling on other employees he'll earn a great big promotion to management.
He's a very lonely soul... to say the least.
We had more than our share of tattle tales. What bothered me most about them is that the management would take their word first without hesitation. It got worse towards the end at our plant (Conneaut Base Plant) because the company was busy playing the blame game.
Ravenna Lamp

Massillon, OH

#418 Nov 10, 2008
What a mis-managed disaster we have at Ravenna. We have lost a lot of key people over the past year, mostly of which have gone to G.E. Medical. Im sure these people saw the writing on the walls way back before they left. Some areas have worked an insane amount of overtime up till a month ago and now those areas are laid off over the next couple weeks. Machines are falling apart with minimal parts and next to no engineering support. They have changed quality criteria where what was a bad part a year ago is now a good part. There is mass confusion with supervisors and lame, thoughtless, decisions on upper management levels. There is a union drive going on right now but will that really help? What we need is a major restructuring because with the people we have right now in magagement there is no way we will survive. We also got the visits from Ron Wilson, Kenny Yeager, and two other clowns from H.R. and those guys seem just as clueless as our people. What a shame to have worked for a company as many years as I have and have it beaten into the ground by useless, micromanaged, morons. Its obvious we are being set up to fail. It makes sense to close our plant because we make no money, well we make no money because we are only as good as our leaders. Its a shame there are very talented production people at Ravenna lamp but they are unable to shine due to the leadership.
Ravenna Lamp

Massillon, OH

#419 Nov 10, 2008
For all of you workers who are in union plants, do any of you regret being in the union? Has the union helped or hurt your business. We at Ravenna were told the union would hurt us due to cost. I find that hard to believe. They say we get all the benefits of union plants (pay, medical, policies)but we dont have one very important thing, a contract. Are the unions bad like what we are told? They make it sound like its some kind of terminal illness, once the union gets in you cant get rid of them. Growing up in the union I dont see it like that, your wage, medical benefits, paid holidays, personal time off, retirement, overtime pay, all comes from the unions fighting for that back in the day. Big companies did not give these benefits away back then. If it were not for the unions we would all be working for a lot less with nothing to protect us, where do I sign!
Spin to Win

Atwater, OH

#420 Nov 11, 2008
To Ravenna Lamp:

I have worked for several companies over the years and have belonged to different unions before GE, and can tell you that your local union is only as strong as it's membership.
All of your major issues such as medical, pension and holidays is controlled by a national agreement. The problem comes when your local elected officials decide to run the union themselves instead of letting the membership vote
on issues that concern them.

Good Luck

“It's a dog's life”

Since: Jan 08

Amish Country

#421 Nov 11, 2008
Ravenna Lamp wrote:
What a mis-managed disaster we have at Ravenna. We have lost a lot of key people over the past year, mostly of which have gone to G.E. Medical. Im sure these people saw the writing on the walls way back before they left. Some areas have worked an insane amount of overtime up till a month ago and now those areas are laid off over the next couple weeks. Machines are falling apart with minimal parts and next to no engineering support. They have changed quality criteria where what was a bad part a year ago is now a good part. There is mass confusion with supervisors and lame, thoughtless, decisions on upper management levels. There is a union drive going on right now but will that really help? What we need is a major restructuring because with the people we have right now in magagement there is no way we will survive. We also got the visits from Ron Wilson, Kenny Yeager, and two other clowns from H.R. and those guys seem just as clueless as our people. What a shame to have worked for a company as many years as I have and have it beaten into the ground by useless, micromanaged, morons. Its obvious we are being set up to fail. It makes sense to close our plant because we make no money, well we make no money because we are only as good as our leaders. Its a shame there are very talented production people at Ravenna lamp but they are unable to shine due to the leadership.
Hi Ravenna Lamp, I'm from the now closed Conneaut Base Plant and what you have described is exactly what happened before we shut down. We had no money for anything, no parts, no upkeep of the machines or building, bad management, no engineering, exactly everything you said. We'd work all kinds of overtime and then get laid off of a week or two. There must be some kind of handbook GE management uses before they close a plant. Also, I don't know if you've read any of my other posts, but in case you haven't, management knew 18 months before they told us, that they were going to close.

As for your union question, yes, I think unions are, overall, a good thing. What Spin to Win said is true that it does depend a lot on your local union leaders, but at least you have some protection against GE's terrible treatment. I don't know what you get at non union plants in the event of a plant closing, but at least I got a retirement out of it.(After 36 years)
Just me

AOL

#422 Nov 11, 2008
Lampmaker wrote:
OFF TOPIC...So sad for DHL in Wilmington.8000 jobs lost in Ohio.
wow, I know who rat boy is!!! lol

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Financial Services Discussions

Title Updated Last By Comments
News Trump holds campaign-style rally in Iowa 11 hr FireyFellow44 7
News H&R Block reviews: your taxes are worth a Secon... (Mar '12) Mon Chucklethe Truck 160
News Man charged in Hinsdale slaying wants speedy tr... Jun 23 maureen 1
News Newt Gingrich's Freddie Mac Fees: Received At L... (Nov '11) Jun 20 Merchant of Alzhe... 53
News Senator Warren urges U.S. Fed to fire Wells Far... Jun 19 fingers mcgurke 2
News To boycott, or not to boycott over Trumpian 'Ju... Jun 13 Anita Bryant s Jihad 2
News General Electric Announces Jeff Immelt Will Ste... Jun 12 Fred 1
More from around the web