Thread regarding L3 Technologies layoffs

We can only hope

This is typical "pump & dump" for stocks with the twist that the main investors have been playing the long game. When LLL drops back to where it should be before it was "pumped" what'll you think will happen? Hmmm. My 2 cents? Lockheed Martin or similar will buy LLL.

Good LUCK in trying to make too 35 years you just put a target on your back

Good idea Take your Money and Run Before it's TOO LATE............

New theory of raising stock price, check it out since 2012:

More layoffs always equals a higher stock price, check it out yourself.

Its more than a fluke, maybe one time or two times but every time it seems that stock price jumps at a sale, consolidation, and layoff.

Maybe we should just take our money and buy stock and encourage reorganization to get the stock price higher, the statistics of the historical records show that the stock will continue to rise, then cash out and retire.

To the idiot before me, bad management and d---beats like you is what ruined Waco and the idiot story you just wrote about you must be one of managements a-- kissers but i tell you this no union in the world can say Waco now! YOUR DAYS ARE NUMBERED.......It will soon be all over. You were laid off from your last job because you are a d---beat and your still a d---beat.

The only thing a union ever did for me wss threaten to sue me when I called to cancel my health insurance after my employer laid me off. We all had to be members of the union there because they got their major medical through the union and when the company closed the doors the union threatened us all with lawsuits if we did not pony up the money to keep paying the premiums. I told them they could come and pry their premiums off my trigger finger and i swear on a stack of Bibles I will never join another effing union again. They are theives and bullies and don't care about anything except you paying your dues and their bottom line. Don't drink the koolaid.

Great information; however it is too late to be helpful. Can’t help but notice all the stock sales by management.

Early Notice of Warning

Signs May Save Your Plant

Many diseases once thought fatal can now be minimized by recognizing the warning signs and seeking early treatment.

The same is true for the damage caused by plant closings, but too few of us recognize the warning signs. And often we don't realize that "medicine" exists to fight shutdowns.

Long before your employer issues a WARN Act notice (see the accompanying article above), there will be tell-tale signs that your workplace could be in trouble.

WARNING SIGNS

Although the circumstances of every plant closing are different, there are some things we should keep our eyes open for:

◾Disinvestment - Lack of equipment or building maintenance. Removal of equipment. Profits used to improve or buy other businesses.

◾Ownership problems - Change of ownership. No successor for an aging owner.

◾Declining Sales/Employment - Loss of major customers. Business doing worse than the rest of the industry, especially for three years or more.

◾Duplicate Capacity - Twin location with ability to make the same product. Movement of least-skilled work.

◾Management Instability - High turnover at manager, engineer or labor relations positions. Mysterious "consultants" appear.

◾Changes in Land Use - Neighboring plants being sold and converted to non-manufacturing uses.

◾Inadequate Research & Development - No new products. Losing ground to other companies in product design and quality.

◾Money Trouble - Supplies arriving COD. Lack of supplies screwing up production. Paychecks bouncing. Taxes delinquent.

And sometimes, the first warning sign is a rumor of a closure.

Right now, you're probably thinking, "Hey, that's my workplace!" Don't panic. Any of these warning signs may not necessarily signal that the end is near, but should serve as a wake up call to keep your eyes open.

STEPS TO TAKE

But let's say the writing is on the wall. Is there anything a union can do to turn a doomed operation around?

First the union leadership must make an honest assessment of the situation. Sometimes what management needs is genuine constructive criticism to get back on track. The union can be helpful in identifying where management has gone wrong, even coming up with potential new products and markets.

More often, the local must organize itself for a full-blown fight back. This usually includes organizing the membership, the community, churches and other unions to pressure the employer to keep the workplace open. Elected officials from city council members all the way up to governors and congressmen have been enlisted by UE locals to help keep jobs in a particular community, city, or state.

NEW OWNERSHIP?

When a company is determined to leave a particular location or market, UE locals have successfully attracted new, potential owners for a plant and pressured the old owners to sell and, on rare occasions, has used eminent domain (when a governmental body takes over a workplace to seek new owners or turn it over to the workers themselves) to save jobs.

All of these strategies are explored in the pamphlet Refuse to Lose: Eminent Domain and the JC Rhodes Campaign, published by the UE Education Department and available from the national office

Same at Waco L3.

Don’t work at Greenville but finger pointing check. Bullying check. Badgering and throwing one under the bus check. Oh wait, might not Be Greenville but it’s still L3!