Thread regarding Gibson Guitar Corporation layoffs

Sold off - Gibson Guitar Factory in Downtown Memphis

This was closed back in December - this tells you what's going on. Gibson is done, it'll be acquired and Henry will be out - he's the problem. We'll see how things play out - someone will roll in, maybe a private equity - will lay off 80% of folks and will milk the brand until they get their money back.

While they are doing so they will load Gibson with debt and will use the money to repay themselves for the acquisition costs.

I've seen this so many times.

Only two things are certain here - Juszkiewicz is out, and there will be layoffs.

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| 1061 views | | 2 replies (last May 1, 2018) | Reply
Post ID: @OP+ROMD1ZC

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Boom

https://www.bloomberg.com/news/articles/2018-05-01/gibson-files-for-bankruptcy-with-deal-to-renew-guitar-business

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Post ID: @19hif+ROMD1ZC

Happened already

https://www.digitalmusicnews.com/2018/03/02/gibson-guitar-layoffs-bankruptcy/

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Post ID: @csfz+ROMD1ZC

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