AM I NEXT? NO LOVE AT COORSTEK

Am I Next? CoorsTek closing down Geiser Tools operations in Ventura California.

Golden, Colorado-based CoorsTek, a manufacturer of technical ceramics for aerospace, automotive, chemical, electronics, medical,and other applications, has announced that it will be closing its ceramics manufacturing plant in Ventura, California in October, 2019 and laying off 268 employees. The plant was previously the home of the Gaiser Tool Company, a high-quality ceramic precision tooling manufacturer of semiconductor wire-bonding tools, which was acquired by CoorsTek in 2007. According to plant employees, operations will cease and the Gaiser brand and products discontinued.

It appears that the decision was based on semiconductor marketplace economics which is experiencing a world-wide slowdown and the various tariffs and trade issues occurring in the Asian market.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT THE TORO COMPANY

Am I Next? Restructuring at The Toro Company and Ditch Witch

Bloomington, Minnesota-based The Toro Company, the iconic manufacturer of home, commercial, and industrial landscaping products, announced that it was proceeding with its restructuring and integration plans that will result in a company-wide layoff of an estimated 110 employees, including at the recently acquired Perry, Oklahoma Ditch Witch facility. A company spokesperson noted, ““The decision was incredibly difficult, as we recognize that our employees have helped make meaningful contributions to our company’s culture and success. All of the affected employees will receive transitional assistance from the company. Perry continues to be an important facility within the collective enterprise.”

According to Toro's chairman and chief executive officer, Richard M. Olson, "Third quarter revenue growth was driven by the addition of the Charles Machine Works portfolio as integration continues to progress as planned. The entire team has been collaboratively working to optimize the combined enterprise, with a focus on consistent execution, an unwavering commitment to innovation and a focus on customer relationships. I am proud of our team's progress to date."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT DEL MONTE FOODS (03/13/2024)

Am I Next? Del Monte Foods to shutter canned produce plants — mass layoffs.

MARCH 13, 2013 — 127 EMPLOYEES

Del Monte Foods will close its Toppenish, Washington facility and lay off 127 employees on April 26, 2024.

SEPTEMBER 3, 2019 — Original post…

Walnut Creek, California-based Del Monte Foods, Inc., a division of Singapore-based Del Monte Pacific Limited, has announced a major restructuring that will result in the closure of three canned vegetable production plants, resulting in a layoff of an estimated 844 employees, 188 permanent workers, and 656 seasonal workers. The facilities are located in Sleepy Eye, Minnesota, and Mendota, Illinois, and will be shuttered after the packing season sometime in June 2020. The Crystal City facility is now closed. In addition, the company has announced its intention to sell its facility in Cambria, Wisconsin.

A company spokesperson noted, “This decision is difficult and has come after careful consideration. This restructuring is a necessary step for us to remain competitive in a rapidly changing marketplace. Our asset-light strategy will lead to more efficient and lower cost operations." According to the company’s financial filings, “Del Monte continues to diversify beyond the canned goods aisle, a declining category, and introduced four new innovative products in the growing categories of refrigerated produce and frozen to cater to demand for health and wellness, snacking and convenience.”

Del Monte Pacific Limited CEO Joselito Campos, Jr. observed, “We are encouraged by the accelerated pace of innovation and new product launches, especially in the United States, taking us into new categories and formats outside the can, which is not growing.” He added, “At the same time, we have proactively reduced costs within our control amidst headwinds of rising tin prices. We are pleased to deliver a full-year net income for DMPL, driven by our results in Asia, while we invest in transforming our US business.”

This company should not be confused with its 1989 spin-off, Coral Gables, Florida-based Fresh Del Monte Produce, a producer and distributor of fresh and fresh-cut fruit and vegetables. It has a similar name and licenses the Del Monte brand logo.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?