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The Stick
Join Date: Dec 2007
Location: Someplace Safe?
Posts: 17,328
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Welp, virtually attended our employee meeting. Sure glad I didn't have to drive 10 miles to go to it then just turn around and drive another 10 home. Announced they officially started a new spin off child company of our engineering and marketing departments, but neglected to say what the name was.
Company still isn't making a profit from the 500K per day sales, but is still eeking out a positive cash flow because of built up inventory. Goal is to further reduce costs and increase profits to make up the 500K per month loss. Company has capacity for 1M per day production at 10hr days.
As of yesterday 80 employees have taken the 5K buy out and left the company. They were hoping 40 to 50 would leave to match current manufacturing needs so they are pretty happy with that plan. The company doesn't like to say they fired or layed off people when times get tough. Last time this happened they loaned employees out to other local companies until the work picked back up. Then the sales were 12M per year with a loss of 700K. Said enough have left they will have plenty of work for everyone and don't plan to loan anyone out.
Oh yeah, everyone passed the company wide drug test last week.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition
Last edited by RKDinOKC; 10-29-2015 at 02:10 PM..
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