GE to Cut 12,000 Jobs in Power Business

The video discusses Jeff Immelt's acquisition of Alston and the challenges faced due to changing market conditions and delayed orders. It highlights job cuts in Germany and Switzerland while sparing France. The video also covers General Electric's strategy under Flannery to cut costs and sell assets to address market skepticism.

What were some of the challenges faced by General Electric after the acquisition of Austin?

How did the timing of the deal impact General Electric's order fulfillment?

In what ways is the current market environment affecting General Electric's business decisions?

What is the significance of the job cuts mentioned in the context of General Electric's operations in Germany and Switzerland?

What strategies did Flannery mention for addressing the financial challenges faced by General Electric?