Ralph
02.02.2001, 06:12
Dies ist zumindest, was einige gehört haben wollen. Das wären ca. 15% der GE-Beschäftigten und ein Level an Entlassungen, den man seit 20 Jahren bei GE nicht mehr gesehen hat.
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GE to slice 75,000 jobs?
By William Spain, CBS.MarketWatch.com
Last Update: 4:05 PM ET Feb 1, 2001
FAIRFIELD, Conn. (CBS.MW) -- In what would be the biggest in a series of recent corporate layoffs, BusinessWeek is reporting that General Electric is getting ready to eliminate tens of thousands of jobs over the next two years.
General Electric (GE: news, msgs) has denied the accuracy of the story, reported on Thursday morning, that the company would slice 75,000 -- about 15 percent of its total -- workers as a result of the slowing economy and its pending acquisition of Honeywell International (HON: news, msgs) .
Citing unnamed analysts "who have spoken with GE officials," the magazine reported that Honeywell would bear the brunt of the cuts, with approximately 50,000 of its 120,000 workers being laid off.
The story, however, was not the first report of a huge potential toll among GE's workers.
GE spokesman Gary Sheffer talked briefly with CBS.MarketWatch.com late Wednesday after a report that GE would cut between 60,000 and 80,000 workers appeared on Internet bulletin board F___dCompany.com.
"This has been written about before," he said. "But we don't plan layoffs that way, and we never announce overall layoffs that way."
That said, "it is clear that we are going to need fewer jobs at GE," due to the bankruptcy of Montgomery Ward, integration of Honeywell, "modest" volume-related reductions and "our continuing digitization activities," Sheffer added.
About 28,000 workers were let go as result of the Montgomery Ward meltdown. See full story. But Business Week said that number was not included in 75,000 jobs it reported would be cut in the next two years.
Analyst Kent Newcomb of A.G. Edwards confirmed that the company does not typically plan company-wide job cuts, preferring to let each of its myriad divisions wield its own ax.
However, "economic conditions would dictate some layoffs, and the Honeywell integration would dictate even more." Newcomb declined to speculate on the total number involved.
Before the Honeywell merger, General Electric had about 340,000 employees and was already among the world's largest private employers.
In January, GE Chairman Jack Welch publicly warned that "significant" layoffs could be imminent. Some cutbacks have already begun. For instance, just before Christmas, the company began staff cuts at a Bloomington, Ind., refrigerator production facility that will eventually cost the jobs of 1,400.
Investors seemed to take the news in stride: Shares of GE closed up 25 cents to $46.23 on Thursday.
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Ralph
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GE to slice 75,000 jobs?
By William Spain, CBS.MarketWatch.com
Last Update: 4:05 PM ET Feb 1, 2001
FAIRFIELD, Conn. (CBS.MW) -- In what would be the biggest in a series of recent corporate layoffs, BusinessWeek is reporting that General Electric is getting ready to eliminate tens of thousands of jobs over the next two years.
General Electric (GE: news, msgs) has denied the accuracy of the story, reported on Thursday morning, that the company would slice 75,000 -- about 15 percent of its total -- workers as a result of the slowing economy and its pending acquisition of Honeywell International (HON: news, msgs) .
Citing unnamed analysts "who have spoken with GE officials," the magazine reported that Honeywell would bear the brunt of the cuts, with approximately 50,000 of its 120,000 workers being laid off.
The story, however, was not the first report of a huge potential toll among GE's workers.
GE spokesman Gary Sheffer talked briefly with CBS.MarketWatch.com late Wednesday after a report that GE would cut between 60,000 and 80,000 workers appeared on Internet bulletin board F___dCompany.com.
"This has been written about before," he said. "But we don't plan layoffs that way, and we never announce overall layoffs that way."
That said, "it is clear that we are going to need fewer jobs at GE," due to the bankruptcy of Montgomery Ward, integration of Honeywell, "modest" volume-related reductions and "our continuing digitization activities," Sheffer added.
About 28,000 workers were let go as result of the Montgomery Ward meltdown. See full story. But Business Week said that number was not included in 75,000 jobs it reported would be cut in the next two years.
Analyst Kent Newcomb of A.G. Edwards confirmed that the company does not typically plan company-wide job cuts, preferring to let each of its myriad divisions wield its own ax.
However, "economic conditions would dictate some layoffs, and the Honeywell integration would dictate even more." Newcomb declined to speculate on the total number involved.
Before the Honeywell merger, General Electric had about 340,000 employees and was already among the world's largest private employers.
In January, GE Chairman Jack Welch publicly warned that "significant" layoffs could be imminent. Some cutbacks have already begun. For instance, just before Christmas, the company began staff cuts at a Bloomington, Ind., refrigerator production facility that will eventually cost the jobs of 1,400.
Investors seemed to take the news in stride: Shares of GE closed up 25 cents to $46.23 on Thursday.
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Ralph