General Electric (GE)
decided they have to cut back on the fat and what better place to do it than in Schenectady, New York, where they once had 27,000 workers.
Now, that number has dwindled down to 4,000. GE
announced that it will be laying off 130 of its hourly workers.
The workers, of course, aren’t too thrilled about the news. A fella by the name of Carl Goertz
told News10abc, “It’s just an awful thing. Like I said, GE is a mainstay. It’s like the biggest thing that Schenectady has ever seen or ever going to see again.”
Schenectady is a blue collar factory town and folks in the area were able to move on up to the middle class via the jobs that corporations like GE provide.
Y’all know the old saying, “misery loves company?!” Welp, the folks in Schenectady are going to have some worldwide company in their misery.
According to News10abc
, GE is packing up its bags and saying deuces to the 12,000 folks the company employs worldwide.
I understand why GE is hauling tail and telling its workers bye. GE is in a whole world of trouble. The Securities and Exchange Commission (sec)
are looking into whether General Electric cooked its books in order to make it seem as if the insurance arm of the company is making more money than what it is.
Now, when those SEC folks get a hold of your ass you have no other choice but to comply.
Those SEC folks are like a mad Rottweiler biting down on your ass, shaking everything loose! GE knows this! That’s why GE
decided to come clean and pay back those billions in taxes the company owes.
As y’all know from the 2008 financial crisis, cooking those books and trying to cover those loses
will catch up to you; just ask too big to fail Bear Sterns. They gone. GE doesn’t want to be gone. They want to do the right thing and get out of the hot shit the company is in.
is complying with the SEC, opening up the company’s books, and cutting back that fat. It’s bad for the workers.
But hey, GE can’t survive if it gets the big head like the folks over at Bear Stearns did and acts like everything is alright when it isn’t.