If the economy turns around, do you anticipate any Tenneco Layoffs 2020? Any news or rumors?
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Tenneco needs a new CEO like Mike Tyson to fix this company.
Tenneco Inc (NYSE:TEN) shareholders have witnessed a decrease in support from the world's most elite money managers in recent months. Company needs to diversify and get into the medical m-r-j-a-a field. This will allow them to oversee our supply chain, from seed-to-sale. We are able to decrease turnaround times on products, allow for management of run rates and timelines that are company controlled, and creates a whole new opportunity to significantly grow and manage our business.”
This company is waiting for the government bailout next year. The CFO from Sears left awhile back. So a very uncertain future for this company. The whole auto industry has had major issues with poor management for many years.
There are many fantastic people who really want the organization to succeed. These people are willing to do whatever it takes to ensure a future for the ride control business. The challenge is that most leadership is hands off and are not listening to the floor when they offer up suggetions for change. My fear is that it's going to get really ugly before the end of the year and wouldn't be surprised if this portion of the business is sold. I wish everyone well.
Tenneco was mismanaged by Brian. Downfall really started in June 2018 when they decided to buy Federal Mogul with money they did not have. Brought in all his buddies to become VPs and let go long time employees. Ruined the Company for good. Tenneco would have laid off people even without Carona pandemic,. This is a former Employee typing.
Laid off people yesterday!
The CEO Brian is resigning tomorrow. The stock has gone from 65 to 9 in two years. What a strong performance.
Saw lots of layoffs, mostly dead weight people said
Were filing chapter 11 soon. Too much debt. A sinking ship.
Both DRiV and Tenneco are in debt and are looking at selling off divisions. As far as layoffs we have had a lot of unannounced right sizing for a long time. That will continue.
Sure as hell doing layoffs at the end of 2019, some temporary and some permanent.