GE to Cut 12,000 Jobs in Power Business

The transcript discusses GE's acquisition of Alstom's energy business in 2015, highlighting the poor timing due to a struggling gas power market. It explores GE's challenges in transitioning to renewable energy, noting their strong position in wind energy but weaker overall market presence. The discussion also covers GE's job cuts, primarily overseas, as a cost-cutting measure, and the potential political implications with President Trump.

What was a significant challenge for GE after acquiring Alstom's energy business?

• Alstom's technology was outdated.

• There was a lack of skilled workers.

• The acquisition was too expensive.

• The timing of the deal was poor due to a struggling gas power market.

How does GE's position in the renewable energy market compare to its position in gas turbines?

• GE is stronger in renewables than in gas turbines.

• GE is equally strong in both markets.

• GE has a stronger position in gas turbines than in renewables.

• GE is the leader in both markets.

What is a challenge GE faces in the renewable energy sector?

• Inability to produce wind turbines.

• Lower profitability compared to gas turbines.

• Excessive competition in the gas market.

• Lack of investment in wind energy.

What was GE's performance on the Dow this year?

• Best performer

• Worst performer

• Average performer

• Second best performer

Where are most of GE's job cuts expected to occur?

• Outside the United States

• In Asia

• In Europe

• In the United States