I am hearing that Staples will announce next week that they are selling their print division to Navitor. This has the potential to lay off or fire hundreds of people.
19 replies (most recent on top)
Stand up for your rights. CEOs should not profit over your job loss.
https://www.facebook.com/Block-Staples-Office-Depot-buyout-422842611249626/
Were you in Sydney she did play favorites big time. Then lie her assoff.
Staples already said if the in--nction sticks, they won't pursue the merger. End of game for Ron.
"or make themselves look good tomorrow at the closing arguments of the merger hearing."
I thought Staple's lawyer was not even bothering to make a defense because the FTC's case was so poor and the judge already had the case? I am told even if the judge comes back with a verdict against the FTC that they can appeal and keep the case in limbo past the May 16th termination date
The last thing I said to some HR talking head idiot in Ohio when I was let go for outing a piss poor, unethical DCS GM and her sock puppet favor playing assistant..."I give the place about a year before it's gone." That was 14 months ago. Not a lucky guess because I had already seen the ship hit the iceberg while still there after enduring the company as it implemented the Lean Document Production program. That was one of the biggest waste's of time and money I have ever seen in any company I have ever worked for and in typical Staples fashion, the good people drowned while the so called captains jumped into the life raft to float around.
Funny, Taylor announced it 3 hours ago, Staples has yet to do a press release! Probably an attempt to cover it up or make themselves look good tomorrow at the closing arguments of the merger hearing.
Staples is selling print to Taylor
All Associate call in 30 minutes to announce what is going on.
I believe Monday will be the announcement as well. No details.
I have heard things as well, but nothing set in stone. Any details of what the deal is?
Deal is back on with April 18th announcement.
If Ringel was involved in it, it wouldn't surprise me if it did fall through. My understanding is he POed Mason so badly during merger talks, Mason decided to start acquiring independents on their own. Another useless executive at the place.
Word has it, this deal has fallen through.
I heard there was supposed to be a company call on Thursday but it was canceled.
@qjo.....commercial print not managed well? That's the understatement of the century! I lost more business due the inept specialist we had in my office. Never, ever a sense of urgency out of anyone in that division. I can think of about 6 individuals that should have been placed on PIP's, but, never were and their manager covered their butts for them.
From what we are hearing, Print at least commercial (not the Print option in the Stores) is not making money. I find this hard to believe but they also do not manage Print as well as they do the other BO$$ products such as Furniture. I think this is an intentional move to get approval for the buyout. They are hell bent on getting that to go through.
It could be a play to gain approval. If memory serves me it does make a decent profit, so, a marriage with Navitor makes sense. Naviator does a ton of business with them, both on the retail side and the commercial side with little customer impact, maybe lower prices.
Another way for them to raise cash and close more stores.. get out while you can! I did.
Is this in effort to gain approval for the buyout or because it is not making profit?