seffieandcoco

Why GE's Selling Its Appliance Division

And I would add that from my perspective GE's manufacturing management is second to none worldwide..........it is all in the politics and PR.......and I have done a lot of work for GE over the years.....if the Unions and the worker's comp attorneys were flexible they could make a good product with reasonable wages and good profits but doing heavy manufacturing in this litigation laden hell is just not going to work.....And the next place this is going to happen is in jet engines........right now they have a lot of work since we are in Iraq burning up a lot of turbines.......and they have to be domestically sourced.........but Brazil and the third world have engine rebuild facilities equal to ours and that is where the commercial work is headed. In ten years the entire manufacturing process will be overseas.....same problem......The IAM better wake up soon but I think the ages of the employees are just too high to enable them to think about who is going to be making these jet engines in 15 years....as long as they get their retirement checks and worker's comp awards.......who cares? Their kids can work for the government as firemen or policmen or prison guards at 200K per year.