Posts tagged GE

GE’s Simonelli sells Erie home

   November 21, 2013 11:42 am    0

Lorenzo Simonelli, who led GE Transportation for more than five years, has broken one of his last ties with Erie. He’s sold his waterfront home on Niagara Pier. Simonelli, who led GE Transportation longer than any other executive in the past 20 years, left GE Transportation, which now has its headquarters in Chicago, when he…


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General Electric Federal Credit Union becomes Widget Financial

   April 24, 2013 9:34 am    0

The new name of what was the General Electric Federal Credit includes both a nod to its old name and to Erie’s history of building things. But more than anything, the new name, Widget Financial, is meant to make clear that the credit union isn’t restricted to employees of General Electric. Gail Cook, chief executive…


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Credit union is taking “GE” out of its name

   April 15, 2013 12:22 pm    0

The General Electric Co. has put the Erie General Electric Federal Credit Union on notice: It wants its name back. And the credit union, which has used the GE name for the past 76 years, is ready to oblige. The request from GE attorneys, asking the credit union to strip the words “General Electric” from…


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GE community rally planned for noon Tuesday

   April 15, 2013 8:32 am    0

Ron Ames figures he would be among the first to go if GE Transportation moves ahead with its plan to eliminate 950 union jobs at the company’s plant in Lawrence Park. Ames, who lost his job when GAF closed in 2007, said he’s hoping public support for GE Transporation workers can help prevent that from…


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Former GE Transportation boss makes soft landing

   August 2, 2012 9:19 am    0

John Krenicki, who led Lawrence Park-based GE Transportation from 2000 to 2003, has left the General Electric Co., but he’ll still be collecting a check. A pretty substantial one, by most standards. Krenicki, who was a vice chairman and head of the company’s energy business when he left GE two weeks ago, will receive $89,000…


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Profits and revenue soar at Erie’s GE Transportation

   April 20, 2012 8:34 am    0

General Electric Co. profits fell in the first quarter of 2011, but not for a lack of performance by GE Transportation. Revenues from the Lawrence Park-based business unit were up 41 percent, while profits rose 48 percent compared to the first quarter of 2011. And the future looks good as well. The company booked $1.6…


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Reporter files dispatch from GE’s new plant in Texas

   January 19, 2012 7:53 am    0

Reporter Jim Martin and photographer Janet Kummerer are in Texas taking a look at GE Transportation’s new locomotive plant. Here is what they saw Wednesday: FORT WORTH – The sprawling industrial building, more than a half million square feet, was built on speculation, in hopes that the right buyer would come along. But the developers…


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Not everyone on board as union prepares to vote

   June 28, 2011 1:44 pm    0

Twenty-three of the 80 union locals that represent more than 15,000 General Electric workers across the country have voted to ratify a tentative agreement with the company. In fact, no union locals have voted to reject it, said Stephan Koller, spokesman for GE Transportation. It’s clear, however, that not everyone is enthusiastic about the four-year…


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GE locomotive in today’s Wall Street Journal

   January 12, 2011 10:37 am    0

GE Transportation and its recent 150-locomotive order to Pakistan was featured in a story in today’s Wall Street Journal about the Export-Import Bank of the U.S. The bank backed the $477 million Pakistan deal, which was crafted with the help of the White House. The point of the story was less about the locomotives and…


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