Immelt, Paulson, Financial Crisis, Unionized Workers Job Cuts

Immelt, Paulson Talk Financial Crisis ($)
General Electric Co. CEO Jeff Immelt interviewed Henry Paulson about the former Treasury Secretary's new book on the financial crisis at an event last week. But the two didn't address potentially controversial conversations Mr. Paulson's book says the two had at the height of the crisis.

The discussion at the 92nd Street Y in Manhattan Thursday evening was framed around Mr. Paulson's new book, "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System," and gave Mr. Paulson a chance to present his view of the crisis. Mr. Paulson defended his actions, which he believes ...

GE's unionized workers bore brunt of cuts, WSJ blog says
A report at the Wall Street Journal's web site today says unionized and service workers bore the brunt of job reductions at General Electric Co. last year. According to GE's annual report filed with the Securities and Exchange Commission on Friday, the overall workforce fell 5.9 percent to 304,000 at the end of Deember from 323,000 a year earlier.  But the company's unionized manufacturing and service workforces fell 19 percent to 15,600 from 19,250 in December 2008, according to the MarketBeat blog at wsj.com.