The layoff of 132 workers from O'Sullivan Industries is undoubtedly a scary thing for the city of Lamar, which has relied on O"Sullivan to be the major economic force in the community for more than four decades.
However, million-dollar CEO Bob Parker simply appears to be following the blueprint used by the company that once employed him and most of the top O'Sullivan executives, Newell Rubbermaid.
In the Sept. 20, 2004, Turner Report, I wrote about what happened when Newell Rubbermaid moved its corporate headquarters from Illinois to Atlanta. You can find that story at the following link:
http://rturner229.blogspot.com/2004/09/some-soothing-words-during-troubled.html
2 comments:
Does the Newell/Rubbermaid formula also include firing management for "downsizing reasons" only to replace those same management positions with more "Newell/Rubbermaid cronies", often with little or no experience in the business. Just a question. I also heard that the 401K checks were given to the people who were let go. This certainly doesn't imply a situation where they would be brought back, as was reported. The situation smelled early on and now that stench is starting to increase.
Does the Newell/Rubbermaid formula also include firing management for "downsizing reasons" only to replace those same management positions with more "Newell/Rubbermaid cronies", often with little or no experience in the business. Just a question. I also heard that the 401K checks were given to the people who were let go. This certainly doesn't imply a situation where they would be brought back, as was reported. The situation smelled early on and now that stench is starting to increase.
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