So apparently salaried employees haven’t received a bump this year, us hourly folks got a 4% bump after only getting 2% annually for forever, and now they’ve got us hourly employees on weird schedules that have cut our pay by 30% a month. 3 days on 7 days off, 2 days on 2 days off. Insult to injury, now the 401k match is gone so there’s several hundred dollars a month in benefits down the toilet plus whatever interest those matches would accrue in the market.
What’s left? Is this a last ditch effort to save jobs or a last ditch effort to cut costs to make the company look as profitable as possible before bankruptcy or selling?
I’m not quite to retirement age yet but I’ve worked with so many wonderful people throughout my years on the floor. Many are just a few years away from retirement or less. Are they gonna axe the soon to be retirees or the new kids on the block?
There’s so many rumors floating around on the production floor. Everything from those with less than 5 years, to severance packages for those within a couple years of retirement, to they’re gonna go by job performance, reviews, occurrences, and write ups, etc….
It would just be nice to have some sort of idea. I know many on this forum are professional folks with college degrees, and prospects but for many of us blue collar folks on the floor, this company has been a godsend and one of a very short list of companies that offered fair compensation and benefits for the work being done.
It’s easy to say just update your resume and jump ship when you can go anywhere and make as good of money or better but not so much for many of us. If I’m laid off, I’ll have to work 2 jobs or more to make ends meet. I have no issue with that if that’s what it takes. I’ve worked worse jobs for less money in my lifetime.
It would just be nice to know what’s actually coming down the pipeline besides the gossip train out on the production floor. I’ve got way too many years with the company and no college education to fall back on. Any job prospects in the area are gonna be a significant pay cut and I’d have to work 2 jobs to make ends meet. I’m running on fumes at this point. I’m trying to hold on but it feels like I’m a passenger on the Titanic.
Is there anyone here that has actual, factual information on layoffs for hourly employees in NC?
Feels ridiculous to ask the question on an anonymous forum but I’ve found much of the information posted here to be far more accurate than what’s floating around on the plant floor. Supervisors say it’s all good, orders are coming back just hang on a little longer and it will be back to normal. How is it this slow in 2023? We literally make the cable for the infrastructure that not only this country but the entire world is dependent on for everything. Fiber is the future and 5G and beyond is dependent on it, AI, and the IOT.
Is this just pi-s poor management at the top that we are all going to pay the toll for, a temporary slowdown in the market, or are we about to hit an economic depression?
Sorry for the long post. It’s just a lot to dwell on and think about. I think way too much but I can’t help it. Thanks in advance for any helpful and factual information.
9 replies (most recent on top)
All political rants and other pointless off-topics get deleted from here, site rules.
Any of you salaried folks want to swap the last 5 years with an investor who paid $24 for the stock?
Management screwed all of us and they are stil here getting shares at $0.
They did lay off a lot of people in HR. Still didn't save your job.
Yea we need to get rid of HR and their hood for nothing high salaries posting funerals and job openings he-l I can do that
If no raises, no benefits, no hiring then why do we need HR? What care employees need then? They(HR) are sitting here all this while to collect their checks? HR is now moot.
The answer is that they don’t care about the people or morale at this point. Corporate brass would prefer that people be overworked, frustrated and quit which saves from the complexities and costs associated with incremental layoffs/firings. This debt burdened disaster is going down in flames one way or another. The current activity is simply delaying the inevitable.
Thanks for post … keep us posted
Dear Original Poster—I don’t really have the answers you’re looking for regarding what comes next—I think we are all in the same boat and we are all pretty disgusted about what’s happening to this company.
My advice to you would be to start taking control of your situation as much as you can. Start looking at other options. I know it’s easier said then done but you’ll feel better taking your fate into your own hands rather than waiting for these fools to decide what to do with you. They clearly have no clue what they’re doing.
Best of luck to you and take care of yourself. You’ll figure something out
You do wonder if they are seeing something in the numbers we don't. If the best course of action is to trash morale this badly something must be very wrong
Good luck