SA, Blairsville and Daytona you are on the clock. Laramie and Detroit you are safe, thanks to your politicians. WA consolidation is being wrapped up; remaining schools are set up for success. As to why SA management was allowed to stay, we'll there wasn't any expectations of success at that campus. If the managers could save it great, but quite frankly, SA was written off last year. The GA campuses have potential, due to the surrounding demographics. Good luck
12 replies (most recent on top)
There is the problem. Unless this next generation shows some interest in working on and repairing Trucks, cars, equipment, ect. We will all starve to death. Everything we consume is moved by Diesel power. Who do we generate that interest???
The true problem is finding students interested in the transportation repair industry. Today's youth are not interested in working on cars, trucks and motorcycles like they were 10 years ago. Today's youth are pushed by high school guidance counselors into the four year colleges. They don't have any mechanical background or ability because their lives are all about electronic devices with very little trouble solving experience. So you are correct that WyoTech is competing with all the other automotive schools for a very small and shrinking pool of potential students. Time will tell if it can be turned around but, how much time will they have? It makes perfect sense that Zenith will need to cut it's losses and consolidate WyoTech into one campus.
3qrf - What do you consider "a little time"? In addition to the gross mismanagement that has gone on for years and seems to continue, schools now face a different market. An improved economy means fewer students are interested in attending a career college. There are far fewer potential students, yet about the same number of competing schools, resulting in the need to enroll anyone who can fog a mirror 1 out of 3 attempts - and there aren't enough of those to generate the required revenue. Couple that with the inexplicable decision to not change the name of the most toxic brand in the industry, and you have a solid going out of business plan (which I contend was exactly what DoE and ECMC had in mind, but that's fodder for a different thread....). The net is that the enrollment challenge means that many/most schools don't have much time left before they are relegated to teach-out status and, ultimately, closure. Anyone else have a more likely fact-based forecast?
Wyotech was told to send reps to Tx, to view their trade programs and get ideas on how to improve and manage their campuses. I guess my colleagues, who were in the meeting when this order was given, just imagined that Wyotech reps viewed Electrical and HVAC programs in Tx. Whether Daytona was losing money in years past is irrelevant, the fact is the Wyotech was a profitable and respected brand, before Corinthians purchased their business. So hopefully with a little time, improved management and operating margins, 30 or so campuses can continue forward. Remember, every campus is truly viewed as their cost center, as it should be. Good luck
Daytona WyoTech has never been a profitable campus. CCi had it up for sale along with Sacramento campus years ago because it was losing money. When neither campus would sell it was decided to close both. At the last minute CCi decided to keep Daytona open because it was close to breaking even for three months. Since then it started losing money and has continued to.
Sorry, meant to type under qualified; pretty busy preparing a zeg field report.
2gmx, one of the problems at Daytona is underived qualified staff and management, which is a legacy isue of Corinthians. Additionally, there was profligate spending of funds, that should have been used to upgrade education programs and amelioration of staff and their credentials. However, these are not the only issues at Daytona and other campuses, but seem to be a common inherent problem with the previous company. Good luck
Daytona is losing money because of a small top management problem. Just a small one
Oh BTW 1zqy, good luck.
1zqy, it's called "winding down" operations to lessen the write down of assets and to avoid legal entanglements.
1xqy - Unfortunately, you absolutely cam lose more. At the point that exec management determines that your school is costing more to run than is justified by the revenue with no enrollment upturn forecast, they will send your campus to teach-out and subsequently close it. For all you who will accuse me of doom and gloom ( or worse....), help.me understand any shortcomings in this logic.
I've been reading this for months now. They tell us here in Blairsville that we will be fine. There are no plans to close our campus. It seems someone on here is trying to stir things up. We are all concerned about our jobs because the population is so low but who do we believe. We've watched about half of our staff and faculty get Riffed over the past year and they tell us we are at bare minimum and can't lose any more.