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The bonus of the boss of General Electric deemed "shameful" in Villeurbanne

2021-01-05T15:40:48.515Z


Larry Culp is guaranteed to hit a bonus of nearly $ 47 million, which could even reach $ 230 million. The ad goes badly on the sites concerned not job cuts.


"

Indecent and shameful

": the bonus of 47 million dollars promised to the CEO of General Electric was denounced Tuesday by the mayor of Villeurbanne, one of the cities affected by the job cuts within the American group.

Read also: General Electric despairs Belfort but happy Cherbourg and Saint-Nazaire

"

At the start of the year, it is a form of insult to employees who are fighting to save their jobs at the same time as unique and future-

oriented

know-how

", writes Cédric Van Styvendael (PS) in a press release co-signed with Senator Gilbert-Luc Devinaz.

"

A shame when we are told that we have to lay off thousands of employees and relocate strategic activities to regain a healthy financial situation!"

“, Also denounced on Twitter a CGT delegate of the staff of the GE site in Villeurbanne, Serge Paolozzi.

Larry Culp's bonus had already provoked the ire of American unions at the end of December.

The boss of GE is guaranteed to receive a bonus of nearly 47 million dollars which could even reach the staggering amount of 230 million dollars if the boss of GE manages to achieve financial goals which are particularly low, according to documents sent to the gendarme. American Stock Exchange, the SEC, and consulted by AFP.

To read also: Villeurbanne: end of conflict at General Electric

GE announced in the spring a savings plan of $ 2 billion through the elimination of 13,000 jobs - in France, the sites of Belfort and Villeurbanne are particularly concerned.

On December 18, an agreement to save some of the jobs was found on the Villeurbannais site after a month of strike action.

Striking employees will be able to share a fund of support open on the internet, the amount of which capped at 16,715 euros on Tuesday.

Source: lefigaro

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