General Electric Pursues Spinoff, Sal...

General Electric Pursues Spinoff, Sale of Consumer & Industrial Division

There are 5492 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.

Lamper

Effingham, IL

#5304 Feb 13, 2013
I can't imagine union action would be a good idea for any US lighting plant right now. That may have been the way to go 10 years ago, and still may be the way to go in a few years, but Lighting seems to be getting money to close plants pretty easily these days.
west burlington worker

Albany, GA

#5305 Feb 14, 2013
are any other plants offering retirement with age 60 and 10 years service we are an told was company wide would like to know if they are telling the truth this time .... i still belive we are nearing the end but never can out guess ge
DEAD END JOBS

United States

#5306 Feb 14, 2013
lighting is going down the tubes . they are taking out machines here . scraping old ones that dont run . im jumping ship before the end . nothing but doom and gloom since i started.
incandescent

South El Monte, CA

#5307 Feb 15, 2013
the recent announcements for the plant closings such as ravenna, ohio lamp, and monterrey, mexico may be due to the LED revolution coming up, it is said LEDs will become the new standard in lighting.
dead end jobs

Akron, OH

#5308 Feb 17, 2013
incandescent wrote:
the recent announcements for the plant closings such as ravenna, ohio lamp, and monterrey, mexico may be due to the LED revolution coming up, it is said LEDs will become the new standard in lighting.
Whatever the cause is . There should be NO REASON for a lay off or no cash to buy nothing or roof's falling in and leaking . With 2 contract wage freeze's and the 2 tier wage that they got passed. 12 hr wage difference! The place should be flooded with work ,from allover g.e. aviation , transportation , medical , where ever. GREED!!!!
lost in lighting

Buchtel, OH

#5309 Feb 17, 2013
GE is looking to close all the lighting plants. That is why they are falling down around the employees heads. Keep trying to tell them they
are looking to bring in lines from the places closed in Mexico. What more T-12 crap? Anyone
who know anything alreay realizes those lamps will
not keep the doors open. They have to keep a hold
of older workers because they need that knowledge to keep the doors open a little longer, that is why in the last contract employees really got screwed with SERO's when they were going to lay off. Use to be you got to volunteer with full benefits. Not anymore. Only way to get it is to have a plant closing. Let's hope that doesn't go away in next contract or we all will be in trouble
if you aren't 60. GE has no idea what it was like to start working for them in the late 70's early 80's, just out of High School, being promised if
we work for them we will get a good retirement. Then they work us like dogs with high speed groups and our bodies wear out then GE says, too bad, lets hope you die before we have to pay out anything. I've made a good living, but just would like the chance to let a younger person have job
a little longer and let me try to enjoy what is left of mine.
dead end jobs

Akron, OH

#5310 Feb 17, 2013
lost in lighting wrote:
GE is looking to close all the lighting plants. That is why they are falling down around the employees heads. Keep trying to tell them they
are looking to bring in lines from the places closed in Mexico. What more T-12 crap? Anyone
who know anything alreay realizes those lamps will
not keep the doors open. They have to keep a hold
of older workers because they need that knowledge to keep the doors open a little longer, that is why in the last contract employees really got screwed with SERO's when they were going to lay off. Use to be you got to volunteer with full benefits. Not anymore. Only way to get it is to have a plant closing. Let's hope that doesn't go away in next contract or we all will be in trouble
if you aren't 60. GE has no idea what it was like to start working for them in the late 70's early 80's, just out of High School, being promised if
we work for them we will get a good retirement. Then they work us like dogs with high speed groups and our bodies wear out then GE says, too bad, lets hope you die before we have to pay out anything. I've made a good living, but just would like the chance to let a younger person have job
a little longer and let me try to enjoy what is left of mine.
im glad YOU MADE A GOOD LIVING . most of the R rates do . the new hires can not even keep gas in there tanks ... Well i am a journey man . i do not need to work for this kind of company that screws its workers... let it fall i do not care ...
Walter White

United States

#5311 Feb 19, 2013
Plant Manager at Ohio Lamp is a plant closer, already closed Austintown, and Nile/Mahoning. He is a lying bag of dung.
Thomas Scutillo

West Union, OH

#5312 Feb 19, 2013
housewhite do you live in a cocoon = ha ha haha mz butterfly ha ha ha
OLPLANT

AOL

#5313 Feb 23, 2013
Walter White wrote:
Plant Manager at Ohio Lamp is a plant closer, already closed Austintown, and Nile/Mahoning. He is a lying bag of dung.
==========
In all, His reputation speaks for it's self. Truth is with anyone, "ACTION SPEAKS LOUDER THAN WORDS". When he comes to manage your plant, it's days are numbered, until the announcement of closer. So no matter what a person says, action is what counts in the end.
Free at last

Cuyahoga Falls, OH

#5314 Feb 26, 2013
The New York Times reported last month that General Electric earned $14.2 billion in international profits, including,$5.1 billion in the United States. Yet GE did not pay a dime in federal income taxes last year. Oddly, President Obama chose GE Chairman and Chief Executive Jeffrey Immelt to head his President's Council on Jobs and Competitiveness.
According to the Associated Press, Immelt's compensation package doubled to $15.2 million last year, while this year GE is seeking major concessions from the unions that represent its shrinking American workforce. That makes Immelt the wrong guy for the job of jobs czar.
Or as former Democratic Sen. Russ Feingold wrote, "Someone like Immelt, who has helped his company evade taxes on its huge profits - and is now looking to workers to take major pay cuts after his compensation was doubled - should not lead the administration's effort to create jobs."
No lie.
Jobs gone

Cuyahoga Falls, OH

#5315 Feb 26, 2013
Im glad Ravenna is closing its doors. After 20 years of dealing with the impossible goal of six sigma, incompetent management, Machinery that is on its last leg and no money in the budget to make things better, No new products coming into the plant, We have a plant manager that tells the plant that we should be good for another 10 years then the following week announces the plant closing, We have an MSO that sneaks around up on mezanines and catwalks looking down on people making sure they are doing their jobs. This has become a hostile work environment that I am thrilled that I will not be involved with anymore. I'm gonna take my severance, go on vacation, take advantage of the TAA re-education program, take advantage of any G.E. programs and instead of going to a job, I will have a career that I can be proud of, make more money, be happy going to work and happy coming home. To me this is not doom and gloom, It's a joyous awakening and an opportunity for a better life. This has been the answer to my prayers.
Thomas Scutillo

United States

#5316 Feb 26, 2013
don't forget all that money waitress make in tips....never paid a dime in taxes UNTIL ANOTHER GREAT MAN CAME ALONG
Trained2fail

Abingdon, IL

#5317 Feb 27, 2013
Six sigma was a joke. How many GE plants are closing this year?
west burlington worker

Albany, GA

#5318 Feb 28, 2013
After 20 years of dealing with the impossible goal of six sigma, incompetent management, Machinery that is on its last leg and no money in the budget to make things better, No new products coming into the plant, We have a plant manager that tells the plant that we should be good for another 10 years then the following week announces the plant closing, We have an MSO that sneaks around up on mezanines and catwalks looking down on people making sure they are doing their jobs. This has become a hostile work environment that I am thrilled that I will not be involved with anymore.

sounds like our west burlington plant
all GE plants must be the same
Clp

Columbus, OH

#5319 Mar 1, 2013
That sounds like Circleville lamp plant also. They have lead us on about getting some groups from Mexico. Now we cleaned the plant real good. now I hear its a long shot that we may get them. Now if we don't get them this plant will be a mess. They have told us for years we are getting something or lead us to believe we was.
EX DEAD EN JOB EMPLOYEE

Akron, OH

#5320 Mar 1, 2013
Clp wrote:
That sounds like Circleville lamp plant also. They have lead us on about getting some groups from Mexico. Now we cleaned the plant real good. now I hear its a long shot that we may get them. Now if we don't get them this plant will be a mess. They have told us for years we are getting something or lead us to believe we was.
no dont worry about getting any work from mexico, its all going to Hungary.
EX DEAD ENd JOB EMPLOYEE

Akron, OH

#5321 Mar 1, 2013
Jobs gone wrote:
Im glad Ravenna is closing its doors. After 20 years of dealing with the impossible goal of six sigma, incompetent management, Machinery that is on its last leg and no money in the budget to make things better, No new products coming into the plant, We have a plant manager that tells the plant that we should be good for another 10 years then the following week announces the plant closing, We have an MSO that sneaks around up on mezanines and catwalks looking down on people making sure they are doing their jobs. This has become a hostile work environment that I am thrilled that I will not be involved with anymore. I'm gonna take my severance, go on vacation, take advantage of the TAA re-education program, take advantage of any G.E. programs and instead of going to a job, I will have a career that I can be proud of, make more money, be happy going to work and happy coming home. To me this is not doom and gloom, It's a joyous awakening and an opportunity for a better life. This has been the answer to my prayers.
This is a positive statement. take advantage of what they have . i jumped ship . crapy pay , gas prices , doom and gloom for last 2 years . good luck
Malcolm

Chillicothe, OH

#5322 Mar 3, 2013
Lamper wrote:
I can't imagine union action would be a good idea for any US lighting plant right now. That may have been the way to go 10 years ago, and still may be the way to go in a few years, but Lighting seems to be getting money to close plants pretty easily these days.
Circleville doesn't need a union for their pay or benefits. They need a union to keep what they call "management" in check. Group Leaders, Techs and HR are nothing bit a joke. And not a very funny joke either.
Lexington worker

Nicholasville, KY

#5323 Mar 3, 2013
Jobs gone wrote:
Im glad Ravenna is closing its doors. After 20 years of dealing with the impossible goal of six sigma, incompetent management, Machinery that is on its last leg and no money in the budget to make things better, No new products coming into the plant, We have a plant manager that tells the plant that we should be good for another 10 years then the following week announces the plant closing, We have an MSO that sneaks around up on mezanines and catwalks looking down on people making sure they are doing their jobs. This has become a hostile work environment that I am thrilled that I will not be involved with anymore. I'm gonna take my severance, go on vacation, take advantage of the TAA re-education program, take advantage of any G.E. programs and instead of going to a job, I will have a career that I can be proud of, make more money, be happy going to work and happy coming home. To me this is not doom and gloom, It's a joyous awakening and an opportunity for a better life. This has been the answer to my prayers.
Is your mso, Larry Krift?

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