Notably the tire price doubled too when I had to replace a flat Nordmann tire previously Made in Russia(over Finnish border) with made in USA equivalent Nordmann tire.
Sumitomo just closed their Buffalo factory
- Thread starter slacktide_bitog
- Start date
Because golden geese should all be killed? No profits, no company, no workers, no union.
My point is, they strangled the golden goose until it was almost dead and then asked it 'what can we do to help'.
Plenty of unions these days are no more than legalized thuggery. Their time has passed. Thank you for your service, now bugger off.
It is too far off. Is it ONLY the union wage? Probably not. If they are bringing up the plant lost 790M in a decade, they will not have much bargaining power even if they reduce wages or accept a downsize but not layoff. They likely anticipate the plant being closed for a while and not getting any new manufacturing capability invested there for a while, and they are just there to run it till it is dry anyways.
Older businesses with even good employees close down all the time, let alone union ones. The future really is more automation and fewer physical labors, and the biggest problem with union is not the wage but the refusal of letting automation taking over their work. If they push too far the incentive to automate would be stronger until plant closure like what we see here.
The factory was built in the 1920,s it's old and small non efficient that's the reason it closed
Yeah, I can believe official statement that 1920s plant was too costly to operate. Especially compared to modern mechanised ones with robotics.
Union, even with their double strangling of both sides and skimming off "fees" can't contribute so much to costs $790-mil in losses. That just gets washed through to final cost of products. However, take look at how Australian and European unions operate, working with both workers & mgmt to arrive at equitable solutions (like 6-wks paid vacations & paid healthcare). Then you'll want to close down every single union in U.S. because they are just extortion and racketeering outfits.
Union, even with their double strangling of both sides and skimming off "fees" can't contribute so much to costs $790-mil in losses. That just gets washed through to final cost of products. However, take look at how Australian and European unions operate, working with both workers & mgmt to arrive at equitable solutions (like 6-wks paid vacations & paid healthcare). Then you'll want to close down every single union in U.S. because they are just extortion and racketeering outfits.
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Different laws, different outcomes.
https://mitsloan.mit.edu/ideas-made-to-matter/there-a-seat-employees-u-s-boardrooms
The bigger question is, why would they not build another newer factory nearby or why aren't there competitor plants nearby.
The answer is likely the environment is not right to build another factory there. Maybe logistics elsewhere is better (close to larger port or dock, highway, less environmental regulations, lower wages, closer to customers, better employee pools like less drug addiction problem, and obviously also union vs right to work state).
True, but also the same question as why aren't civilization not build once oil is found in Middle East. It would make sense they could build what rival US there with all the cheap oil, but they didn't.
This likely has more to do with politics and customer base. You can build all sorts of things either closer to the materials or the customers.
I found this informative.
https://natural-rubber.michelin.com/natural-rubber-by-michelin/natural-rubber-at-a-glance
https://natural-rubber.michelin.com/natural-rubber-by-michelin/natural-rubber-at-a-glance
Not pretty at all. NY keeps bleeding manufacturing.
There are laws forbidding mass layoff without 60 days notice.
Regrettably I had to do one.
Not saying they did it like me -
But we elected to close without any notice - we complied with the mass layoff law by handing everyone a check equal to their last 2 months pay.
So technically they did get 60 days.
One of the hardest days of my working life but sometimes you just have no choice.
I did have many employees say thank you- getting a 60 day paid vacation softens the blow a little.
Regrettably I had to do one.
Not saying they did it like me -
But we elected to close without any notice - we complied with the mass layoff law by handing everyone a check equal to their last 2 months pay.
So technically they did get 60 days.
One of the hardest days of my working life but sometimes you just have no choice.
I did have many employees say thank you- getting a 60 day paid vacation softens the blow a little.