What is the likelihood of Donaldson layoffs in Minneapolis in 2016? Please let me know if you have any information.
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They are not alone on this - old timers like WAK do not think twice about cutting staff to save their own hides and make double digit earning at the expense of quality and people - unethical
More layoffs are coming as the stock price falls. Jeff Spethmann, VP, was hired in 2013 to lay people off. He did so at Waltek, where he came from, and closed one of their plants. Now doing the same at Donaldson. He closed the Donaldson plant in Iowa. Do not trust Spethmann or Al Hovda or the CEO Tod Carpenter. Do not depend on Donaldson if you have commitments or a family. Many bad reviews by the week on Donaldson on the Glassdoor.