T
Toolmaker
Guest
The stock MUST go up !!!!! Too bad that the days of running an honest publically traded (NYSE) manufacturing business in the USA is gone. Big American Businesses have thown the baby out with the wash. Even my wife buys cheep Chinese house hold Product. She has been asymilated.
I have been an Engineer(BSMET)for 23 Years and before that I was Toolmaker. For most of these 23 years I worked with product design teams advising them in the areas of quality, machinability, moldability, producability, assemblability, quality, cost etc...
In the begining we created many quality products. I need to explain QUALITY since many people are still using a very old deffinician which does not match todays marketplace. I did to up till 1990.
Fro example using the an equitable numeric benchmark/scale a $0.01 plastic trinket can have the same quality rating as a %140,000 Bentley. Perfect quality is when the customer feels satisfied. That statement is a mouth full. For this discussion it is basically when the expected robustness matches the purhcase price. The old adage "You get what you pay for" continues to prevail.
Again, on a equitable numeric rateing scale the plastic trinket can equal the Bentley. It is even possible that the Bentley could be rated lower.
In todays market many Americans buy cheep very low robustness type products made in SE Asia. Last year I was assigned to move ALL of a brade named American made product to SE Asia (China/Taiwan).
I started feeling so bad about it that something acured in my life that has never happend before. I just could not get excited about my job! I actually hated to go to work. While I used to arrive at my office as early as 6:30 am I now arrived at 8 am. And, I used to not leave untill 6:30 pm now I was in the car at 4-4:30 pm.
Don't get me wrong, none of the American employees that have lost and are still lossing their jobs said anything too me. They worked extremely hard to take cost out just the keep the prodcut here. But in the end it is not possible to match a prodcut cost that pays from $0.25 to $0.50 per hour for labor.
The last straw for me was the fact that the company lied to the Amrican employees. The employees were told almost daily that they only needed to get a few more cents out. When that target was met they were next told that there was a NEW target do to a competitor dropping their prices. I checked this out and in almost all cases it was not true.
In the closed door meetings that I attended the main topic was WHEN will we complete the cost savings so can move the product. There never was a real opportunity to keep the product in the US.
It was understood that the experience of the American Emloyees would do a better job at taking the cost out.
Since last fall I have felt so much better about my self. But as you may have guessed, I am now unemployed also. I left a very high paying position based on my personal morals and ethics.
After a much needed several month subatical I will start looking for a job. I am in no hurry and My review on any new company will now include two more areas of concern (Morals and Ethics).
A basic part of this standard is that my new employer must understand that profit is the results of putting the employees first. The equation is like this: employee + means = profit. A substantiated track record must exist through a third party.
I am not a literary wizard so forgive my grammer and spelling.
Jerry
I have been an Engineer(BSMET)for 23 Years and before that I was Toolmaker. For most of these 23 years I worked with product design teams advising them in the areas of quality, machinability, moldability, producability, assemblability, quality, cost etc...
In the begining we created many quality products. I need to explain QUALITY since many people are still using a very old deffinician which does not match todays marketplace. I did to up till 1990.
Fro example using the an equitable numeric benchmark/scale a $0.01 plastic trinket can have the same quality rating as a %140,000 Bentley. Perfect quality is when the customer feels satisfied. That statement is a mouth full. For this discussion it is basically when the expected robustness matches the purhcase price. The old adage "You get what you pay for" continues to prevail.
Again, on a equitable numeric rateing scale the plastic trinket can equal the Bentley. It is even possible that the Bentley could be rated lower.
In todays market many Americans buy cheep very low robustness type products made in SE Asia. Last year I was assigned to move ALL of a brade named American made product to SE Asia (China/Taiwan).
I started feeling so bad about it that something acured in my life that has never happend before. I just could not get excited about my job! I actually hated to go to work. While I used to arrive at my office as early as 6:30 am I now arrived at 8 am. And, I used to not leave untill 6:30 pm now I was in the car at 4-4:30 pm.
Don't get me wrong, none of the American employees that have lost and are still lossing their jobs said anything too me. They worked extremely hard to take cost out just the keep the prodcut here. But in the end it is not possible to match a prodcut cost that pays from $0.25 to $0.50 per hour for labor.
The last straw for me was the fact that the company lied to the Amrican employees. The employees were told almost daily that they only needed to get a few more cents out. When that target was met they were next told that there was a NEW target do to a competitor dropping their prices. I checked this out and in almost all cases it was not true.
In the closed door meetings that I attended the main topic was WHEN will we complete the cost savings so can move the product. There never was a real opportunity to keep the product in the US.
It was understood that the experience of the American Emloyees would do a better job at taking the cost out.
Since last fall I have felt so much better about my self. But as you may have guessed, I am now unemployed also. I left a very high paying position based on my personal morals and ethics.
After a much needed several month subatical I will start looking for a job. I am in no hurry and My review on any new company will now include two more areas of concern (Morals and Ethics).
A basic part of this standard is that my new employer must understand that profit is the results of putting the employees first. The equation is like this: employee + means = profit. A substantiated track record must exist through a third party.
I am not a literary wizard so forgive my grammer and spelling.
Jerry