I was told by a colleague at Clay Rd that David Farr is visiting today (9/23/2020). Farr and upper management are meeting in their large meeting room to discuss unknown topics. But whatever they're discussing, it seems to be important. They closed... — read more
Topics regarding layoffs at Emerson Electric Co.
Long awaited fudging accounts are going to get exposed ... Spun-off money of 8 billion was re injected to show growth ... Farr is going far now and will take billions with him before the scandal can break ... all good professionals must exit the... — read more
There surely must be someone here who knows when exactly things are going down. Share it with the rest of us!
Management and HR tells our small site same thing- we are lucky to have a job. No, you are lucky us little folks don’t walk and puts up with this c-ap, because we should just walk the hell out while you sit on thrones casting orders like we are your... — read more
October brings a new wave of furloughs for Measurement Solutions. I suppose it's better than the layoffs I'd expected in Q1, though I suppose that's still a possibility. Executives and field sales get to take their furlough in Q1 holiday weeks... — read more
Coworker told me that Fisher walked people this week.
Papa Farr’s merry bunch of id–ts have all been saying how more “unfortunate” actions need to be taken. How about they take actions on themselves too by reducing their salaries and bonuses even further. So it’s okay to lay-off and furlough even... — read more
AutoSol - Voluntary early retirement - Age 60+, and 10+ years of experience. Last day of work will be end of September. Involuntary layoffs to follow.
This what I had heard. Division has less than 100 employees (I think). Some offered to relocate to MN. Any more info?
Yet another week of presentations about "cost-saving actions" - and yet another week where Emerson announces another acquisition. Maybe the next "cost-saving action" can be to stop buying other businesses when you can't prevent the ones you have from... — read more
Something tells me next week something is going down. Does anybody have insider info as to what Pedro and Co are up to?
Bob did not agree with Farr taking out more costs at comres. Hence he was fired. Now that he is gone, Farr has a free hand to prop up share price by taking out costs and buying back shares. That’s the only tool that Farr has in his toolbox. The other... — read more
Paradigm has fired all its employees in Israel and Latin America. LATAM is where most of its revenues are coming from. That’s the condition Jim Nyquist from S&S insisted before the business moves to S&S. Dumb move. This business will die quickly if... — read more
It will be the last day of the month Friday (July 31). Rumors have it will be ugly.
Little bird in the investment banking community tipped off that Emerson is putting out feelers to ascertain what salvage value they would get if they sell Zedi which does not fit into Emerson hardware business and had been managed disastrously by... — read more
SAP support for each BU is consolidating into one big group for all of AutoSol. Third party company, NTT, is taking over support, starting with knowledge transfers from next week until September. Larger organizational and manager changes happening by... — read more
Mandatory Furloughs for August Again and another round of work force reduction in MN Shakopee. I think there is more to come .
Heard that the leader of RAS will be fired soon. The feedback on this site has reached the powers to be in St Louis. Pray that they will put someone with leadership skills, vision and courage versus Pedro who has no vision, no leadership, no courage... — read more
ISV VP/GM announced restructuring on a recent call. They have already taken deep cuts but hearing this BU will need life support after this next wave. OKC business for sale. Musical chairs leadership team. What a mess the whole V&C business has... — read more
Well, the automation solutions group got an email from Jon Stokes this morning saying that all salaried employees will be furloughed for one week without pay in July. Both exempt and non exempt employees. He said this move should save the company $30... — read more
Just before the covid 19 Emerson nnounced 2900 cuts + 1000 Jobs to be moved to low cost countries. Total 3900. Not considering the additional - not yet announced - cuts. A second wave will come, for sure Bumped to the top for those who are... — read more
Did they RIF all of the Emerson people ?
I volunteered Friday and certified Monday. Does anyone know if there is a timeline as to when VRIF'd people will find out? Also has anyone heard if they are accepting more VRIFs this time around?
The Black Moutain plant has a positive Covid 19 diagnosis. The plant hasn't missed a beat. No disinfecting or temporary closing for disinfecting. Emerson doesn't care about its employees. Profit over people
After laying off 20 employees in December, RAS laid off another 60 employees this month. This is the worse business unit to be in at Emerson. Pedro D'Ascola is the worse you can get as a business leader. No one in RAS or other business units look up... — read more
Helping to Increase Unemployment via Government Kickbacks Helping to Protect Executive Compensation even with “Executive Pay Reductions” Advancing Carbon Footprint via Corporate Aircraft (Master’s) ... — read more
Emerson started the firing of thousands of employees and contract laborers this past week. The package was dismal, one week for every year of service and 2-month medical coverage. Others who took the voluntary separation package a few weeks ago had... — read more
while tens of Emerson employees are fired every week (and the worst part still has to come).... https://www.emerson.com/en-us/news/corporate/emerson-declares-dividend-q2-2020
CEO IS GETTING THE COVID Trump package and delay the account losses for few more months to look the balance sheet good for the shareholders ...Someone said this is a financial company ... true all mathematical modeling (the new name for Fudging)
Layoffs started today as a first wave of 22% of all employees including hourly. 5/08/2020
“In a downturn like this, the first thing a company should do is give up any distributions to shareholders,” Lazonick said. “But in a crisis, companies will differ. Some will care … and some will rob the workers, who should expect that their... — read more
Every year they manipulate numbers to show growth .... they have not grown on technology nor in the installed base...They survive on spare parts sale by local business partners...Their costs are high 30 to 40% over the competition All acquisitions so... — read more
Corporate employees will be furloughed for one week Non-corporate employees, the ones who sell, design and make products, will be fired Welcome to Emerson...
Once dividend is assured, stakeholders do not care about how the company is run and which are the social costs of the dividend (unfortunately) Emerson is not an industrial company Emerson is a financial company who makes finance through... — read more
Does anyone have information about possible layoffs in Italy to come soon? I saw people fired in 2019 but nobody up to now in 2020 I am very worried....