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Screw Heinz

O

onceaday

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Sep 28, 2015
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Wow these 3G guys who bought Heinz along with Buffett sure are screwing their employees here. The closure of the plant in St. Mary's (pop. less than 7,000) puts 214 employees on the street and I am reading that their severance was not very good and that they were treated poorly throughout this process. In a town that size this means not only losing your job but probably your house as well. In many cases both spouses were employed there. I'm all for capitalism however this type of raping and pillaging (same thing happened at Tim Horton's and BK when acquired by these guys) is beyond the pale. With higher electricity rates continuing in an already uncompetitive province get ready for more...Like the ex-employees in St. Mary's and Leamington I sure as hell won't be buying another Heinz product - ever.

http://business.financialpost.com/n...even-plants-including-in-southwestern-ontario
 
corporate fascism in action!
 
I sure ain't no Saint in this regard as much of my corporate career was spent "restructuring" and "rightsizing" in large (1.500+) organizations. As I matured into my 40's I simply did not have the stomach for it anymore. In fact I found it depressing to everyone involved, (including me the "hatchet-man.") Subsequently having bought a partnership in a small business and growing it from 10 employees to over 40 I can't describe how great it is to actually create employment. I'm no socialist by any definition however I believe everyone should have the right to obtain and hold gainful employment in their community and not fall victim to multi-national profiteers like these pricks. In a community like St. Mary's this will have a very nasty ripple effect on many other businesses as roughly $11M/yr. leaves that micro-economy - permanently.
 
cozzens said:
Everytime Buffet & Company buys a company big layoffs follow. Yet the American Media think he's an investment god! Just lining his pockets.
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Actually, he is lining the pockets of his investors which is why he is popular. BTW: Kraft & Heinz are now the same company for those boycotting their products.
If I can offer a rebuttal on their behalf:
 
For those who are offended by what happened in St. Mary's, what alternative do you think should have occurred:

1. Keep the plant (and all others like it) open, and tell the shareholders that they'll just have to accept lower returns on their investment?
2. Offer to sell the plant to the employees (but not the Trademarks, Industrial Designs of course), and then crush them as a small independent competitor?
3. Buy everyone's home who was laid off at (the predictably low) market value?
4. Other?
 
onceaday said:
The closure of the plant in St. Mary's (pop. less than 7,000) puts 214 employees on the street and I am reading that their severance was not very good and that they were treated poorly throughout this process. In a town that size this means not only losing your job but probably your house as well. In many cases both spouses were employed there.
Click to expand...

Talk about putting all of your eggs in one basket. Financially speaking it is not very smart for all income earners in a family to work for the same company. While it sucks that the plant will close, that is the nature of big business today. For anyone to think that they can work for the same company for their entire working career is quite naive. Getting fired/laid off/downsized/ is a fact of business life. Deal with it.

Cheers
 
shrek71 said:
Talk about putting all of your eggs in one basket. Financially speaking it is not very smart for all income earners in a family to work for the same company. While it sucks that the plant will close, that is the nature of big business today. For anyone to think that they can work for the same company for their entire working career is quite naive. Getting fired/laid off/downsized/ is a fact of business life. Deal with it.

Cheers
Click to expand...
While this is a cavalier response, it's also a correct one. The only constant in life is change and everybody should be ready for it. Changing jobs is scary, but it's also a lot of fun. And the newly acquired skills make one that much more economically viable.
 
I think greedy unions and stupid governments killed more jobs than private sector companies.
 
I'm not sure I understand the outrage here - are companies required to keep plants open? While I feel for the employees it's possible to be sympathetic without vilifying a company streamlining operations.
 
onthebottom said:
I'm not sure I understand the outrage here - are companies required to keep plants open? While I feel for the employees it's possible to be sympathetic without vilifying a company streamlining operations.
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True but one doesn't have to treat employees being fired badly
 
Here is an example of stupid government policy costing jobs. Telus, a Canadian owned company, just announced they are cutting 1,500 jobs. I would not be surprised if the reason is because of the Harper government's stupid policy of favoring foreign owned telecom companies. Don't be surprised if Harper gets a seat on the board of Verizon.
 
onthebottom said:
I'm not sure I understand the outrage here - are companies required to keep plants open? While I feel for the employees it's possible to be sympathetic without vilifying a company streamlining operations.
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For me no outrage, just empathy. Get it? I am fortunate to have made massive bank over the years and have become one of the dreaded 1%. I get the shareholder side as mentioned by the OP. It simply makes me sad that these folks will have to uproot from their community in order to find reasonable income elsewhere. So that the gross margin on ketchup can increase 3-4% made in conditions that pay crap labour rates and dubious quality controls, gut our manufacturing base, harm our families, and deliver zero to the tax base. Thank goodness I have never had to have a conversation with my daughter that we need to move to "who know's where" 'cause it's fun and part of the new economy. Are you nuts?
 
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Bud Plug said:
For those who are offended by what happened in St. Mary's, what alternative do you think should have occurred:

1. Keep the plant (and all others like it) open, and tell the shareholders that they'll just have to accept lower returns on their investment?
2. Offer to sell the plant to the employees (but not the Trademarks, Industrial Designs of course), and then crush them as a small independent competitor?
3. Buy everyone's home who was laid off at (the predictably low) market value?
4. Other?
Click to expand...

Maybe put some effort and money into improving the efficiency of the plant. Also develop new products that can be produced by the plant.
 
Enjoy your Indian pickles, Chinese ketchup, Mexican pork and beans.
You're out of work?:confused:
Sorry?:frown:
You can't afford those products anymore?:hand:
Without tax revenue the government can't afford your social assistance?:canada:
The food bank had to close because of the numbers using their services and nobody left to donate?:closed_2:
Eat cake they say?:D
I guess you're FUCKED?:amen:
 
If these were mostly unskilled labour jobs they should be paid in the 14 to 16 dollar an hour range. Does anyone know their rate of pay, was pay restructure an option and they declined it.
 
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