Make a prediction and tell us what you think about Emerson Electric layoffs? Any chatter, news or rumors?
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@a5y I agree. Saw it long time coming. I saw rambling from an ex-employee posting about GM firing at TopWorx.
I don't agree with his? characterization but agree things have been going downhill for a long time. Our sales job changed from doing sales to be a glorified data entry job. A new SAP sales tool was forced upon us so I decided to leave. Our entire sales was department was let go.
@93f Sad to see the facility close down (eventually). It was long time coming.
As I understand, they weren't doing much in terms of engineering while manufacturing can be shipped overseas or Mexico.
Large cuts were reported in Louisville Kentucky facility last month at Discrete Industrial Business Unit formerly called TopWorx - ASCO.
Large staff from Marketing, Manufacturing, IT and Engineering were cut. Only small skeleton staff remains.
My guess the facility is on the verge of being shutdown and all the jobs are shipped overseas.
@7n7 are we talking in general or specific groups (TM, msol, etc)??
Been hearing there’ve been layoffs in Canada too, maybe even Manila coming.
In Singapore, when someone retires they’re not backfilling the role, they just divvying up the work and handing it out as stretch assignments to the rest of the team.
Bit of a sign of the times, hey. Everyone’s just copping a bigger load!
Around 10 people were let go today from Stafford (PRM). Sales down by $10m. Heard this was only the 1st round.
@6xn can you elaborate on what business units?
Layoffs have already started, up to 100 people so far...
@5yv The Tools business
@5qs
What is S&P?
Will S&P shown the door soon ?
What's with all the new terms like sensors, control & software, safety etc. from CPC ? New mumbo jumbo to throw people off...
It is a pattern with large industrial companies. Emerson is reducing its "exposure" to hardware side of business to position itself as "software" company. This has been the trend since the current CEO took over.
This means traditional hardware heavy business will face reductions in headcount, outsourcing and whatever other means available to lower the cost to business. This is deliberate. If it hasn't happened already, then likely it will with Rosemont and Fisher being likely target.
The Emerson we know in 2000's is gone. Time to move on, folks!
shook the hand yesterday as our last IT guy walked out the door. their positions, "eliminated".
@1rx SMH. SMH. Let me teach you. Almost all of Discrete (except Movicon) moved over. Aventics profitable or growing?? Nope haha. Topworx and Asco are way better but are no way increasing Final Control profitability haha! Final Control has market leaders just about everywhere, like, Fisher, PRM waaaaayyyyyyy more profitable. Discrete will be an anchor to Final Control just like it was when it was its own Group BU.
@1mj you don't know what you talking about. The part of Discrete that moved to final control is one EMRs most profitable business. It probably increased Final Control profitability.
@1n7 final control is the top line revenue driver of the business. It'll never be sold
Or that’s the story
@1m2 no it’s not! Haha. Farthest thing from truth. Final Control just got a lot less profitable too as it now has the discrete sh-t show in its P&L.
Spin off.
@1g7 Spinoff or Sale?
It’s already in motion.
@r8 How likely is this? Wishful thinking or a real possibility?
Final Control gets spun off and Ram fulfills his destiny.