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The largest layoffs came in February 2009, when the company let go of 50,000 people -- almost 20% of its workforce. Those cuts, however, weren't enough to keep the company solvent. GM ended up ...
General Electric (GE) announced today that second-quarter 2009 earnings fell a smaller than expected 47 percent, as earnings from energy equipment somewhat offset declines in finance, health care ...
GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008 GE Oil & Gas acquires Hydril Pressure & Control for US$1.12 billion from Tenaris, who retains possession of Hydril Premium Connections. [22] [23] 2008
Tom Roberts was laid off in April 2009, six weeks after he told his supervisor that he needed to have brain surgery. Paying the bills with a now-exhausted balance of vacation and sick days ...
The U.S. Environmental Protection Agency (EPA) designated the Pittsfield plant and several miles of the Housatonic as a Superfund site in 1997, and ordered GE to remediate the site. EPA and GE began a cleanup of the area in 1999. [3] GE demolished some buildings on the 324 acres (1.31 km 2) site in the 1990s. Other buildings were demolished ...
GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. The company was founded in 1907.
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In 1981, GE made preparations to sell both the relay and the printer businesses and the management-buyout was completed in October 1983. The announcement was made to the employees on October 21. GE financed a small portion of the buyout price. A new company was formed with the name Genicom Corporation. This new venture included both relays and ...