General Electric will cut 4,500 jobs across Europe after reviewing assets it purchased from France's Alstom in 2015, French newspaper Les Echos said Tuesday. Citing a union source, the report said the cuts would take place in Switzerland, Germany and Britain. GE said in a statement it was "reviewing its operations to ensure the business is best positioned to respond to our market realities and for long-term success." It did not mention any job losses, but said it had put forward a proposal to the European body representing legacy Alstom employees.
Could be said for every corporation. Airlines, Boeing, Telecom, Auto. It's a race to the bottom
If ya do a bit of research into stocks, bonds, commodities, etc., you might just find a few places (asset classes) where money is being made.. Oil is still a decent bet for average investors. Why? Most of the larger majors (Exxon/Mobil, Chevron, BP, and a few others, pay a decent dividends to shareholders. Banks are paying dividends as well. They vary of course. Any dividend above 2% is better than what you'll earn on gov't. bonds, like treasuries.
But it takes a bit of time to research stocks, and investments. And IF ya don't wanna invest in your RR's 401-K, you're missing FREE money! Unless you absolutely need every cent of your pay check, and don't invest a few bucks every quarter, you're missing a good deal!
This is all based on personal experience, so it could be considered opinion only. Take it or leave it!
__________________
Hmm. That address doesnt look right. It looks like the link pointing here was faulty.
1. Lots of greed causing problems at GE and IBM. Paying too much for small gains per quarter. Selling good divisions that didn't always grow year over year. Greed and short-range thinking.
I knew a friend of a friend who worked in the aircraft engine plant at Evendale. He hated Jack Welch with a passion and couldn't wait for retirement. He was doing what three people used to do and couldn't hardly keep up. That was then. I guess Jack's cutting then didn't do much to save the company for now.
Opinions very widely on Jack Welch. Some see him as a hero, who saved GE from a huge bankruptcy. Others vilify him as their worst CEO ever. The only ones who know, are people who worked directly with him on the board, and execs who served his interests.
Either way, GE made money in spite of, or because of Welch. Worker's (both wage types, and salaried) opinions are merely words, and they never pay a dime! GE always paid dividends. Their reward for trusting their stock.
Is it time to buy GE?
__________________
Hmm. That address doesnt look right. It looks like the link pointing here was faulty.
As an astrologer I would say MIR not a good time to buy GE. But at the same time
those ignorant of MIR will buy. It will take a while to see who made the right or wrong choice.
__________________
If you are in a horror movie, you make bad decisions, its what you do.
