Wells Enterprises has officially bowed out of all interest in Le Mars plant. Asking price for plant and former Schuster office space currently under Deans ownership was too steep. $21,750,000 was what I was told.
Again my insider works for Wells Corporate.
What I was told from insider as well. Is that if a CH 7 occurs. A few HR reps will come to the plant onsite to let affected employees pick through a list of open positions that fit skill levels.
As far as pay....Most will still be over that $18.00 minimum and full benefit package.
Unfortunately. Due to Wells Employee committee laws. Seniority will not mean anything as they would be considered “NEW HIRES”.
Doesn’t matter. That plant lays on a prime development piece of land in a commercial area. Corner lot. And free crop land to the East past the wash bays.
Once a chapter 7 occurs. The plant will be picked off for parts. The labor will go crawling to Wells Employment in Sioux City begging like dogs for a job. And the plant itself will be leveled off for a developer.
Watch!!
I currently work at this plant. And Management did one heck of a clean up job flushing out the old timers and finally breaking down the mentally tough young bucks.
Guys with YEARS of exp are retiring in droves and the young bucks have finally gave up and left elsewhere. Place is filling up with a bunch of inexperienced and lazy rookies and temp workers who are unaware that they will have to at least wait a year minimum no matter how hard they work to get rolled over to a Deans employee.
Well the mo–ns at management have guaranteed that chapter 7 is going to happen. The plants are dumps and they think they have leverage.