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Date Posted: 06:01:42 02/04/10 Thu
Author: MaryAnne
Subject: Re: Unhappily, that was mostly inventory adjustment
In reply to: Paul Davis 's message, "Unhappily, that was mostly inventory adjustment" on 23:06:18 01/30/10 Sat

Again,you are quite right,Paul.

My Sons company has been working 7 days a week,12 hours a day on the floor.They will not rehire the workers laid off.

The company negotiated health care reduction to those on the floor.Management is expecting the same.Engineers are in a Union in that plant.One of the very few that are.





>
>It happens in every recession, you'll get a quarter or
>two of growth and everyone sighs and says "it's over".
> Taking out the inventorys that had to be restocked,
>you get about 2% growth. Which is growth, but pretty
>weak.
>
>>Most businesses will need to reset their expectations
>>for the next 10 years or so. I dont think we are going
>>back to 30% to 40% over last year.. year after year.
>>So far, where I work they still havent given up that
>>dream. They continue to set expections to be what they
>>were 3 years ago.

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