Tower as you guys knew it is gone. Within 6 months the Livonia building lease will be emptied out and the IT and Finance groups will take another reduction. Now that the GM truck frame program was given back there will also be some cuts in Engineering. Plenty of people that made it through the slashing have been finding attractive offers from competitors. Take them.
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Hardest thing i ever had to do this Christmas morning was explain to my kids why they didn’t have any gifts. Merry Christmas AGG management I hope your family got everything they wanted!
The plants will see an effect as their programs come to an end. They are not only not trying to win new business they are losing business as well. Seems the plan is to let older programs run their course so they can close plants or downsize so they can sell for more profit. Remember they are a hedge fund that only cares about making money for themselves. They don't care about adding capital and trying to grow the business.
I am a hourly employee at the Bardstown, Ky plant, what changes would you predict at the plant/production level?
I hope the new leaders are enjoying there holidays unlike the people they put on the street!
The new leaders really have no idea how to run a large company. How do you fire people then realize you messed up and try to hire them back like they would come. How do you come into a new business give back huge awards and then further try to lose other business. All because they want to make the capital as small as they can so they can sell in a couple years. They are not winning new business and customers and looking at other suppliers now because of how they are operating. While more cuts are coming many people are searching and finding jobs elsewhere. Not a good sign for the future of this company.