President Joe Biden - Kamala Harris Administration

#18,377
#18,377
hog88 said:
I think the holiday shopping season will be a disappointment and Q1 is going to be slow with prices continuing to rise. We'll probably see some pretty big layoffs around the end of March into April.
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Also, keep in mind that the purchase of gift cards from a retailer (because they don't have stuff on the shelves to sell) doesn't count as revenues. Gift cards are a liability to the company that sold them until the gift card is redeemed for actual goods.
 
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#18,378
#18,378
hog88 said:
I think the holiday shopping season will be a disappointment and Q1 is going to be slow with prices continuing to rise. We'll probably see some pretty big layoffs around the end of March into April.
Click to expand...

Agreed. I somewhat expect a massacre at Christmas as far as sales numbers. Can’t sale what you don’t have.
 
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#18,381
#18,381
allvol123 said:
Every day he doesn’t do a 180 on Covid and energy is another day spent getting further away from stability.
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I can't believe he hasn't had "Articles of Impeachment" brought up against him yet...
Everything he's done has turned things upside down in the way he wants to run the country.
Even his VP is worse than he is. We are screwed big time as a country.
 
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#18,386
#18,386
Also manufacturing here is taking a huge hit, they are trying to keep hours and jobs for employees but I've just been told by one of my customers that they expect to make massive layoffs early in January. This is an auto manufacturer currently dealing with chip shortages. The manufacturer they make components for has thousands upon thousands of cars sitting in empty satellite facilities waiting for chips.

We are trying to collect as much of the money they owe us as we can from them now.
 
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#18,387
#18,387
KB5252 said:
Also manufacturing here is taking a huge hit, they are trying to keep hours and jobs for employees but I've just been told by one of my customers that they expect to make massive layoffs early in January. This is an auto manufacturer currently dealing with chip shortages. The manufacturer they make components for has thousands upon thousands of cars sitting in empty satellite facilities waiting for chips.

We are trying to collect as much of the money they owe us as we can from them now.
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My son is the plant manager at an OEM parts supplier here in town, he's already shutting down 1 shift and and expects to cut a couple lines on the 2nd shift pretty soon.
 
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#18,388
#18,388
hog88 said:
My son is the plant manager at an OEM parts supplier here in town, he's already shutting down 1 shift and and expects to cut a couple lines on the 2nd shift pretty soon.
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The facility I mentioned earlier is only running two shifts now, and they don't have the work to run those. I get the feeling they are trying their best to get the workers through Christmas.
 
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#18,391
#18,391
KB5252 said:
The facility I mentioned earlier is only running two shifts now, and they don't have the work to run those. I get the feeling they are trying their best to get the workers through Christmas.
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Son's plant produces parts for heavy machinery, commercial trucks, lawn mowers and ATV/side x sides in addition to cars and that's what's keeping them running where they are. If they were just supplying parts for cars they'd probably be down to less than 1 shift.
 
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#18,393
#18,393
KB5252 said:
Also manufacturing here is taking a huge hit, they are trying to keep hours and jobs for employees but I've just been told by one of my customers that they expect to make massive layoffs early in January. This is an auto manufacturer currently dealing with chip shortages. The manufacturer they make components for has thousands upon thousands of cars sitting in empty satellite facilities waiting for chips.

We are trying to collect as much of the money they owe us as we can from them now.
Click to expand...

I’ve been on this awhile. You can’t keep doors open by building finished goods to a 95% completion. Doesn’t work.
 
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#18,394
#18,394
hog88 said:
I think the holiday shopping season will be a disappointment and Q1 is going to be slow with prices continuing to rise. We'll probably see some pretty big layoffs around the end of March into April.
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I’m hoping they offer packages. Pay me to leave and I’ll gladly leave.
 
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#18,395
#18,395
allvol123 said:
I’ve been on this awhile. You can’t keep doors open by building finished goods to a 95% completion. Doesn’t work.
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That's why the major commercial truck manufactures are reducing build slots. They're stopping partial builds, only building the chassis they have the parts to complete. It's going to lead to big layoffs.
 
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