story behind layoffs at my company - Democratic Underground

undeterred

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 08:22 PM
Original message

story behind layoffs at my company

23 people laid off this week. I work for a company that manufactures large diesel engines and sells them to the DOD or whoever. Apparently they signed a contract on some of these which required that they buy european parts made by certain manufacturers. The dollar is weaker against the euro than it was when they signed the contract so the company turned out a couple of million dollar products with no margins at all.

Future contracts will hopefully be more realistic or the company will shut down.

Printer Friendly | Permalink | | Top

neoblues

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 08:25 PM
Response to Original message

1. It Begins.

The consequences owing to the weakness of the Dollar begins to be felt. The pain will only grow worse.

Printer Friendly | Permalink | | Top

MADem

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 08:25 PM
Response to Original message

2. Gee, but this economy is just humming along, ain't it???

That's what the fatcats in the GOP keep telling us!!

Printer Friendly | Permalink | | Top

dflprincess

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 08:31 PM
Response to Original message

3. So, what I want to know is,

if this is a DOD contract, why is it required that some of the parts be made by European manufacturers? A rational person (like most of us) would think a government contract would require American made parts, unless Europe is the only place these parts can be found.

Printer Friendly | Permalink | | Top

undeterred

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 09:39 PM
Response to Reply #3

5. I'm really not sure about that part

There are not that many makers of 1500 horsepower per cylinder diesel engines- the makers are all over the world, and this company has a history of working with them because some of the designs they we are actually german or swedish. Its worked for them for a long time to do it this way (they make certain parts/we assemble and make the rest) but apparently this was a real miscalculation.

Printer Friendly | Permalink | | Top

Why Syzygy

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-15-06 08:33 PM
Response to Original message

4. Sorry to hear that.

Layoffs are hard on everyone involved. When the dollar is worthless, what will we use to pay off our national debt? Indenture?

I'm having this vision of Bush and his PNAC pals as little vandals smashing up a huge candy store. They could have as much candy as they can stuff themselves with, but that's not good enough. Greed knows no bounds. And the rest of humanity just looking on in horror, or playing with the broken glass and thinking this is just grand.

Feeling morose tonight.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Tue Apr 30th 2024, 12:19 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.