Posts Tagged ‘plant shut down’

Captain Rick: Once upon a time in America, unions were an entity to protect job safety, like having clean air to breath and working with equipment that doesn’t maim or kill. In recent decades unions have become mostly about a means to push member benefits and wages as high as possible … historically, beyond justifiable means … at the expense of the consumer and their employer. All too many times we have witnessed massive job losses as the result of union greed. Detroit, once automotive headquarters and union central, is America’s greatest example. The city is all but dead, killed by the unions and their thirst for endless, unwarranted greed.

Hostess gave the unions a 5 PM deadline Thursday, November 15 to return to work. The workers did not return. As a result, the union workers killed Hostess, with annual sales of $2.5 billion. 18,500 workers have lost their jobs. 33 bakeries, 565 distribution centers and 570 outlet stores have closed across America. Annual sale of 500 million Twinkies and 127 million loaves of Wonder Bread also end. It’s the end of another American classic.

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Hostess will move in bankruptcy court to sell its assets to the highest bidder. I trust the Twinkie and Wonder Bread will live on … but will be produced by companies  of dedicated workers who are not unionized … workers who understand the true value of their jobs … not some super hyped imagination of job glory that does not exist in today’s America. Thus, the companies might not be headquartered in America. Its time for all unions to exit America or America will continue to watch our great companies be washed to the sea.

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Captain Rick: The sluggish economies of the U.S. and Europe are having a direct effect on China’s economy, all working in unison to amplify the global financial crisis. FedEx, the world’s largest air package shipper says the impact on China’s economy is far bigger than most have estimated. FedEx has trimmed the number of planes carrying shipments into the United States.

Caterpillar, the worlds largest maker of earth-moving equipment, has slowed production at its main Chinese excavator factory, including a two month shut down and cutting work hours. Caterpillar is exporting most production out of China as a result of overestimating sales potential in China. Many other companies are also effected. The report continues …

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For more info, read the above Fortune Report:  http://finance.fortune.cnn.com/2012/09/19/fedex-china/