Another Okla company set to shut down, ship jobs overseas (Kwikset)

karlschneider

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Thu Dec-04-03 11:07 PM
Original message

Another Okla company set to shut down, ship jobs overseas (Kwikset)

Edited on Thu Dec-04-03 11:09 PM by karlschneider

sorry no link, just on KOTV here. This is the fifth significant employer to do the same since the first of this year. This one dumps about a thousand jobs. I've lost count but the total is over 7000. All going to Mexico and other places.

This company is a subsidiary of Black & Decker.

Maybe there is more at http://www.kotv.com by now

Edit: just checked, not on their website as of 2208 CST.

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RedEarth

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Thu Dec-04-03 11:14 PM
Response to Original message

1. Are you sure about this?

I know several engineers that work at that plant and would hate to hear they are losing their jobs. Merry Xmas.

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PROGRESSIVE1

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Thu Dec-04-03 11:14 PM
Response to Original message

2. Didn't you hear??? The Bush Recovery has started!!!

Look at that. Mexico will gain 7,000 new jobs. See how great it is!!!!!!

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karlschneider

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Fri Dec-05-03 12:00 AM
Response to Reply #2

7. Pues, claro! Todo es bien! Gracias a Arbusto!

Edited on Fri Dec-05-03 12:01 AM by karlschneider

:eyes:

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kath

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Thu Dec-04-03 11:19 PM
Response to Original message

3. But, but, but karl, "Right to Work" was supposed to bring so many jobs

to this state...

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mhr

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Thu Dec-04-03 11:22 PM
Response to Reply #3

4. "Right To Work" === "Right To Fire You At Will" --- Don't Be Fooled!

eom

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kath

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Thu Dec-04-03 11:25 PM
Response to Reply #4

5. I know that, mhr, but too many Okies *were* fooled.

I should have posted a "sarcasm" emoticon in my post...

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okieinpain

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Fri Dec-05-03 01:29 AM
Response to Reply #3

8. exactly, the way i remember it being said was " thousands of

jobs are just waiting to come to oklahoma". I think I'm going to try and call mr. mccarville (local talk show) tomorrow and ask him about right to work

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UpInArms

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Thu Dec-04-03 11:26 PM
Response to Original message

6. in their annual report

Edited on Thu Dec-04-03 11:27 PM by UpInArms

Black and Decker has this paragraph

The brand and product repositioning that we introduced in late 2001 continued to be very successful, resulting in increased shelf space in retail distribution, strong sales growth, and higher market share. Improved manufacturing efficiency, including benefits from closing a plant in 2001, enabled Kwikset to more than double its operating profit. Kwikset also generated a significant increase in cash flow, aided by substantial reductions in inventory and capital spending. We plan to close another Kwikset plant during 2003 to achieve further cost savings and simplify the supply chain in this business.

these productivity increases are starting to really piss me off

(edited for typo)

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