It cannot continue like this
4 replies (most recent on top)
Look at your plant as well if you see them putting money into it then you will be working for a long time
Distribution outsourced wherever possible, manufacturing shut down at some locations while keeping the coolers open as distribution centers, layoffs, and some total plant closings.
I would think there will be notifications of plant closures Q1 2021, sooner than that would be pushing it since pro formas take time and past practice shows they don’t like to close or notify around the holidays (Nov-Dec). They will continue to trim labor and other overhead expenses for the rest of the year and start major changes early next year. They will not be profitable with their current network of plants and with fuel costs low it makes sense to close the money pits and ship product.
Depends if sales gets off there buts and puts new business in this place then we should be good