Tag Archives: General Electric

GE Will Cut 12,000 Jobs

Cuts will come from GE Power; at least half will be in Europe General Electric will eliminate approximately 12,000 positions from its power division, GE Power, affecting both professional and production employees, the company announced today. The “headcount reductions,” as GE calls them, are a result of prior miscalculations of the sectors demand for coal […]

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GE Gives Estimations

Staff cuts, divestment, and more: CEO Flannery announces GE’s new game plan General Electric delivered its expected overhaul Monday, a full makeover for a company with an illustrious history despite wave upon wave of recent tumult. New CEO John Flannery, who was named to the position August 1 in succession of Jeff Immelt and who […]

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Power Move

ABB buys GE’s industrial solutions unit for $2.6 billion Swiss power firm ABB said it will buy General Electric’s industrial solutions unit for $2.6 billion, the companies announced Monday. For ABB, the acquisition targets a number one spot in the electrification market, where it currently competes with Schneider in utilities equipment services and power grid […]

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Atlanta Supply Auction

USESCO (ATL) closing after 30 years, auctions supplies Atlanta-based electrical wholesaler U.S. Electrical Supply is closing its doors after more than 30 years and will be selling its remaining inventory in an auction, the date of which has been pushed back due to hurricane-related weather in the southeast. The original two-day auction was set for September […]

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MAC Exodus

Manufacturing Advisory Council disbanded, plants continue to close The Manufacturing Advisory Council was one of two such business advisory assemblies disbanded Wednesday afternoon following the departure of multiple CEOs over the previous two days. These departures included Inge Thulin, CEO of St. Paul, Minnesota-based 3M, and Rich Kyle of The Timken Company (headquartered in North Canton, […]

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GE Shake-Up

Immelt out; Flannery in, power and energy units combined General Electric announced Monday that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors. The move will be effective August 1, 2017. Jeff Immelt, current Chairman and CEO, will remain Chairman of the […]

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“Coop” Retires

Rotating equipment expert Michael Cooper retires Esteemed engineer and rotating equipment specialist Michael Cooper, most recently a market manager at The Gund Company, retired Thursday. Mr. Cooper has been working with rotating equipment since his days in the U.S. Navy’s Nuclear Submarine engine rooms in 1977. “We are both delighted and disheartened,” Mike Moran, VP of […]

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GE: Garden Enshrinement

Logos will appear on Boston Celtics jerseys next season General Electric is seeing green in 2017. Celtic green, that is. The company announced a multiyear partnership with the Boston Celtics on Wednesday that includes data and analytics service provisions, $7 million to the team, and one McHale of an advertising spot. GE logo patches, seen below, […]

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Docked & Loaded

U.S. destroyer back to San Diego after motor repairs A new model of U.S. destroyer arrived at its homeport of San Diego December 8th after a three-month odyssey at sea wrought with breakdowns and repairs. After being out of commission and docked in Panama for three weeks, the U.S.S. Zumwalt is now docked at Naval Station San […]

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Myandering Supply Chains

Tin mine in Myanmar a place where corporate meets conflict  For Wall Street suits and corporate executives, board rooms or stock floors are battlegrounds. The analogy is not unwarranted, as a cutthroat business culture requires many professionals to approach company decisions as territorial, survival scenarios. For some perspective, though, the source of flagship products for some of the […]

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