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Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

I heard they would be notified by the 10th  (Nov 1, 2011 | post #4703)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Aren't most of thier properties already fenced for insurance purposes and theft?  (Oct 22, 2011 | post #4695)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Now that's the funniest thing I've heard all day :D  (Sep 22, 2011 | post #4667)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Did anyone see the President's speech last night and catch the glimps of Jeffrey Immelt? He is pledging to train engineers here in America and keep them here. Gimme a break.... is that the best he can do? Is he going to import them from India and give them a green card?  (Sep 9, 2011 | post #4647)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

I was just privey to this conversation a few days ago. Corporate is in the process now of getting the packets out to the eligible employees for the sero's and VRIP's. They are to be mailed out sometime in September. Once those people review thier information they must notify GE on thier intentions by I THINK, OCTOBER. IF the choose to decline, GE will then move down the list and inform the next ones in line to recieve thier packets until all the 400 Seros and all the 400 VRPI's are gone! Thats how it's going to work. Each plant is not going to get a set amount of sero's..... This is a NATIONAL window. The last window that opened no one from our plant got out.  (Sep 3, 2011 | post #4635)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

From what I understand they won't even send the intent letters out until September, they will then identify and notify the qualified candidates in October.  (Aug 2, 2011 | post #4577)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

FYI On a lighter note. I hear that the $5,0000 Bonus will be all Tax free monies. GE never paid any taxes on this money so neither should we................ ........... <giggle> Smile Everyone~  (Jun 23, 2011 | post #4518)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Do you mean Seros' or the special window? Often times in a contract they will open a 50/30 special window and only accomodate a certan number of people COMPANY WIDE for the 50 year olds with 30 years of service. Sero's (55 years old with 25 years of service) normally don't have a cap, they are formulated by the number of reductions in force driven by each facility. Does anyone know exactly what opportunity IS in the contract for this fall?  (May 24, 2009 | post #1702)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Ok, I understand the situation with appliance park, however is it necessary to force all of C&I to take the offer 100 low paying jobs when the division has so many people laied off? Hey - Here's and idea - What if - those laid off workers wanted to transfer? Would they still go on the lower tier? __________________ _________________ GE could add 100 jobs if contract changes are OKd By Jere Downs • jdowns@courier-jou rnal.com • May 22, 2009 If unionized Appliance Park workers approve contract changes that would freeze wages and pay hires less, General Electric would add 100 jobs to Appliance Park and not send any more Louisville jobs overseas. Union and company officials say cost savings from the tentative agreement enable GE to explore the possibility of bringing even more jobs than the 100. The company is exploring how to manufacture new, energy-efficient, products at the plant. The new products would be the first new line of items manufactured there since 1957, GE spokeswoman Kim Freeman said. GE now makes refrigerators, dishwashers, and clothes washers at Appliance Park. Appliance park lost $72 million last year, Freeman said. Without cost savings available from the new labor agreement, she said the future of the historic manufacturing facility is uncertain. “Without a more competitive cost structure, it would not make good sense to invest in Appliance Park,” she said. IUE-CWA Local 761 President Jerry Carney endorsed the package in a bulletin issued to Appliance Park workers in advance of a ratification vote to take place Wednesday. “This proposal gives us both job security and peace of mind… Knowing we will have a job for the next two years is worth sacrificing wage increases,” Carney wrote in the bulletin. “This is peace of mind in today’s stormy economy.” Carney did not immediately return a message seeking comment. Appliance Park employs 2,300 hourly workers now. Roughly 1,500 senior members of the hourly work force earn $25 per hour and higher. A lower wage structure, adopted by the company and the union in recent years to keep the factory work from being outsourced overseas, pays 800 workers a starting rate of $12.88 an hour. Under the new lower rate schedule for additional hires, the agreement proposes paying them $13 per hour. New skilled trades and maintenance workers would also start at a lower wage of $23 hourly, topping out at $25 per hour. GE’s contract with IUE-CWA Local 761 expires in June of 2011. Although GE is proposing to hire more workers at Appliance Park, that does not mean the finance, broadcasting, energy, and appliance conglomerate has abandoned plans to spin off or sell Appliance Park. Those plans remain “on hold,” Freeman said. “If the economy turns back up,” GE “may consider going back down that path,” Freeman said. “Regardless whether it is a sale or a spin or if we stay, we have got to make Appliance Park competitive.”  (May 22, 2009 | post #1697)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Yea... lets think about this. GE is in no way (except for financial) in a hurting situation with the economy like the steel and auto industries. People and businesses NEED lights. While customers may be scaling back on what they normally practice as to maintance of thier lighting fixtures, when they go out, they need replaced. GE simply isn't making thier portfolio for lighting marketable enough for a buyer. Lower wages and a smaller work force makes profits higher and more enticing to sell. hmmmmmm OR they can build enough capital to SPIN. Please note - they said they wouldn't CLOSE your plants, they didn't say they wouldn't SELL OR SPIN them. Believe me, if they wanted to truley save on costs, they wouldn't have allowed the enourmous amount of money to spend on hanging posters around the shops showing how much each part inside of a lamp costs and displaying thier fudged up numbers on how they are competing in the "challenge ". Do they really think they are showing us something new???? Talk about a waste of time and resources. Can't the person responsible be actually doing something to cut cost like getting the necessary parts needed or spend it in engineering to rebuild the process? The company needs to step up to the plate and show some real progress. I guess they have never heard the phrase, "Clean up your own back yard first"! No, the fault always lays with the employees. They aren't known as G(enerous) E(rection) for nothing!  (May 20, 2009 | post #1675)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

No Layoffs and TOW's also means the opportunity for any more Sero's or buy outs will not be available. Also - I hope the officials are looking at this aspect.... By the promise not to shut down plants, will they also promise NOT to spin off?  (May 20, 2009 | post #1662)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Wow, where did that come from? I'm reading a pay freeze for the remainder of the contract and promise to not shut down plants or move jobs What did I miss?  (May 20, 2009 | post #1658)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Posting Daily Rants pay off! If you read my lastest rant, you probably saw a comment about when the last time the company threw us so much as a donut. Lucky for us they read this blog! Today we walked into RLP and low and behold a thank you notice is posted for doing such a great job during the training transition and getting the repairs out. The only two words I can think of for thier actions are: STEAK DINNER STEAK DINNER STEAK DINNER !  (May 11, 2009 | post #1616)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

My bad again! I must be having a bad day! The correct spelling is DESTRUCTION!  (May 10, 2009 | post #1593)

Youngstown, OH

General Electric Pursues Spinoff, Sale of Consumer & Indu...

Not me, I see that this person is only here to seek attention. I doubt that this person is even a real MA. Just another troll trying to stir the pot ... doesnt' matter if you say its blue, of course its actually white. I hope they enjoyed the short term attention. Too bad they don't have an ignore feature here. On to the task at hand, my bad for falling into thier web of distruction.  (May 10, 2009 | post #1592)