Thread regarding Sun Hydraulics Corp. layoffs

Sun Hydraulics just laid off 200 people company wide today 08/12/16. Rough day in Sarasota

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Post ID: @OP+IQNdFJN

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sun is going under quick. They laid off some in August 19', gave retirement to 500 years of experience in September and then just laid off more during the holiday season 12/19'. Yes during the holidays. Sad state. Used to be a great company. No longer.

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Post ID: @jZbbv+IQNdFJN

More layoffs are coming, especially in Sarasota, Fl. The economy is not good at the location.

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Post ID: @3ozl+IQNdFJN

Layoff means you can apply for unemployment. Termination means you can't. Big difference.

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Post ID: @1ibc+IQNdFJN

They weren't layoffs, they were terminations.

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Post ID: @1mnt+IQNdFJN

It wasn't 200. It was about 50 and it was on the 10th not the 12th. All were given a severance package based on years with the company. Others that failed drug testing were let go. Retirement packages go out next week. The new CEO wants to reduce headcount.

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Post ID: @cfr+IQNdFJN

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