I wonder how many facilities have been sold, closed or consolidated in the last two years. Odd that the business media hasn't reported on the shrinkage, all they report is the stock price. Even the local news, like in Youngstown, only reports on their local job losses, no one is looking at the total number of people cut across the US and the world.
3 replies (most recent on top)
Parker has closed in past year plus:
Youngstown OH, Akron OH, New Haven IN, Beaufort SC, Free Port TX, South Gate CA, Baltimore MD, Oxford MI, Modesto CA, Brookville OH, Houston TX, Deerwood MN, Phoenixville PA, Madison WI, Lenexa KS
CEO made nearly 8 million for his leadership.
I am one of the many recent employees laid off by Parker . I worked at Oxford Michigan. We were closed at the end of 2015. All we ever got were pats on the back for being so efficient and for watching the bottom line. They said we made almost 32 cents on the dollar profit, but yet they closed us. Anyone who tells you that you can't operate a factory profitably in America is LYING to you. We did it for decades, and we got better every year. I loved my job and I was as loyal a Parker employee as they come. I got another job , but have been laid off yet again. The last thing in the world that I want is for anyone to feel sorry for me, but Ill be honest. I didn't deserve this......
The media is not reporting on the vast majority of layoffs, which is why this site exists. We are in a stealth recession, a cover up of the true state of the economy.
People only figure out there's a problem when it personally affects them and their wallet, or they see the axe coming close to them, as you are.
Time to wake up to the reality of the economy.