New Posts New Posts RSS Feed - ROCK MY WORLD
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Check GunBroker.com for SWFA's No Reserve and No Minimum bid firearm auctions.

ROCK MY WORLD

 Post Reply Post Reply   Topic Search Topic Search  Topic Options Topic Options
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 07:16
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
Just when things were starting t o settle down and I was beginning to feel comfortible in my job security this happens!!!! AAAAAAAAAAAAAAAAAWWWWWWWWWWWW CRAP!!!!!!
 
Last night Black & Decker and Stanley Tool Works announced that they are merging to create a new company "Stanley,Black & Decker"  Corporate headquarters is to be in New Britain CT. the current headquarters for Stanley.  B&D Corparte headquarters based in Towson, MD will become the Powertool R&D headquarters.  Since there is very little overlap between companies the transition process is expected to be completed by mid 2010.
 
Everybody I have talked to at work this morning is in a state of SHOCK!  There were no rumors about this at all but this evidentally was in hte works for several months.
 
Internally It appears B&D CEO Nolan Archibald sold out all his croanies.  He will become Excutive Chairman of the new company with a 3 year employment guarantee and Stanley's management will fill out the rest of the management positions.  How nice of him considering he only worked 2 days a week, if that, and B&D bought him a new 40 million dollar Jet 2 years ago.
 
Well, now everything is again up in the air!  I can only hope to still have a job here this time next year!  I have no desire to re-locate to CT if it is even offered.  I hope the do indeed decide to keep Powertool R&D here in Towson!
 
Only time will tell!  And my stress levels just doubled probably my BP too! Cencored Light It Up
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 07:28
300S&W View Drop Down
Optics God
Optics God
Avatar

Joined: January/27/2008
Location: Burlington,WV
Status: Offline
Points: 10592
  D*MN Bud,if you didn't have bad luck you'd have no luck at all. 
 
  Seems companies are getting rid of their most experienced employees to save money at the expense of quality (can you say Remington?).  At least you've got time to be checking out job options and didn't get to work this morning only to find locks on the doors.
 
  Keep the FAITH!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 07:45
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629

I am going  to try and remain positive about this but I sure don't get the warm fuzzies over it!

I just spent some time looking at Stanleys structure.  they have a least 8 different companies all doing door lock and hardware, including Best and Sargent.  Talk about redundant management!   B&D owns Quickset and Baldwin so now we will be competing against ourselves.  Hmm can you say price fixing??
 
Yep, I don't feel warm and fuzzy at all!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 08:43
SD Dog View Drop Down
Optics Master Extraordinaire
Optics Master Extraordinaire
Avatar
OT Scratching Post

Joined: February/28/2008
Status: Offline
Points: 4176
Cencored
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 09:55
mike650 View Drop Down
Optics God
Optics God
Avatar

Joined: May/14/2006
Location: West of Rockies
Status: Offline
Points: 12709
Ditto
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 10:28
3_tens View Drop Down
Optics Jedi Knight
Optics Jedi Knight
Avatar

Joined: January/08/2007
Location: Oklahoma
Status: Offline
Points: 7180
Kwikset locks were located in Bristow Oklahoma. When they were sold a few years ago, all manufacturing was relocated to Mexico laying off all workers here in Oklahoma. I no longer use Kwikset locks for re keying houses. They went the same way as Wrangler Jeans.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 10:56
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
Yep thats the only way companies can afford all that multi-million dollar top management is to out-source everything overseas or at least out of country.  The only things still actually manufactured in the USA for or by B&D are Gaspowered generators and the new TOP of the line Delta Unisaw with one piece trunion.  They tried for a couple of years to have these built overseas but the quality levels could not be maintained.  it wasn't easy convincing upper management that we couldn't aford to sacrifice quality to keep it overseas!  Return rates and warranty costs won the battle.  Thats powertools, I can't speak for the rest of the companies B&D owns and controls.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 11:07
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
CEO of B&D Nolan Arhibald's published base salary is 1.5 Million.  Over the last five years he has averaged over 20 million a year after perks and stock options.  The man owns his own personal 18 hole golf Course on ONE of his estates.  When the enconomy tanked 1st thing corporate did was dock everybody 5% of the salary.  For most of us that cut deep.  For upper management it only applied to their base.  All money saved from the salary cut from the employees amounted to less than 25% of the perks and stock options paid out to the upper management.  They got bonuses for hitting their numbers!  Gee, I am happy I could help do MY part for the company.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 11:24
bugsNbows View Drop Down
Optics Jedi Master
Optics Jedi Master
Avatar
bowsNbugs

Joined: March/10/2008
Location: Florida
Status: Offline
Points: 9286
Definitely, THINK POSITIVE. No need in generating the worry emotion till absolutely necessary. Maybe you will even end up better off. Good luck. Shocked
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 11:26
RifleDude View Drop Down
MODERATOR
MODERATOR
Avatar

Joined: October/13/2006
Location: Texas
Status: Offline
Points: 14313
Hang in there, Bud!  I hope everything turns out o.k. for you!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 11:50
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
Ya know, if done correctly, this can create a very strong new company.  At this point I have NO confidence in either management team.  Nolan had openly voiced his desire to retire within 5 years and it looks like this will seal that deal.  That leaves only Stanley Management in control after 3 years.  They are a complete unknown.
 
I guess what makes this so bad is that the Decker family when still running B&D was 100% employee was family oriented!  Mulitple annual raises, turkeys, Xmas bonuses, excellent pay and benefits.  In the last 10 years of Noan's 24 year tenure (12 years since Decker retired) All bonsuses and multiple raises stopped, except for upper management.  Health benefits drastically deminished, again except for executive management.  Pension plan stopped but replaced by 401K then 401K match stopped.  Its very apparent where the average B&D emplyee now stands.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 15:01
scooter65 View Drop Down
Optics Master Extraordinaire
Optics Master Extraordinaire
Avatar

Joined: December/29/2006
Location: mi
Status: Offline
Points: 3567
Originally posted by 3_tens 3_tens wrote:

Kwikset locks were located in Bristow Oklahoma. When they were sold a few years ago, all manufacturing was relocated to Mexico laying off all workers here in Oklahoma. I no longer use Kwikset locks for re keying houses. They went the same way as Wrangler Jeans.
 
DON'T GET ME STARTED 3tens... I worked for the company that owned Wrangler along with dozens of other name brand apparel.... right up until the point we were sourced to IBM to which the fastest course of action is to move as many jobs to india - brazil - argentina as fast as they can.  Yes, your Wranglers are all made overseas or mexico.  The defect rate sky rocketed once it went over seas.. I am hanging on by a thread like most.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 15:36
BeltFed View Drop Down
Optics God
Optics God
Avatar

Joined: February/12/2008
Location: Ky
Status: Offline
Points: 16071
Wow Bud!This sucks like a Hoover. Maybe you could show what a great employee you are by stabbing your fellow employees in the back (just kidding). It burns my butt to know that some jerk is getting rich by ruining a good company, it's products, and screwing the people that made the company a success. Start looking for a new job and/or a promotion. I hope things workout in your favor.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 15:52
billyburl2 View Drop Down
Optics Master Extraordinaire
Optics Master Extraordinaire
Avatar

Joined: January/08/2009
Location: Cottonwood, AZ
Status: Offline
Points: 3873
Sorry about your luck, BP. I got laid-off this morning! So much for the improving economy!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 15:55
SD Dog View Drop Down
Optics Master Extraordinaire
Optics Master Extraordinaire
Avatar
OT Scratching Post

Joined: February/28/2008
Status: Offline
Points: 4176
Sorry to hear that Bill.  
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 16:15
Kickboxer View Drop Down
MODERATOR
MODERATOR
Avatar
Moderator

Joined: February/13/2008
Status: Offline
Points: 18339

Bill, terribly sorry to hear you were laid off.  Worst feeling on earth.  However, find the opportunity that comes with such an event.  People tend to get "comfortable" with their positions and forget that they are much more capable than they are currently being allowed to show.  Look for "new, different, better".  Prayers are with you.

Bud, I really hope things turn up for you.  That is not good news.  Sounds like Gordon Gecko type of philosophy in your company.  I agree that you should start looking for options, now.  Don't wait for the "sword" to fall. 

God's speed...

Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 16:15
300S&W View Drop Down
Optics God
Optics God
Avatar

Joined: January/27/2008
Location: Burlington,WV
Status: Offline
Points: 10592
  +1,Bill! 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 16:23
BeltFed View Drop Down
Optics God
Optics God
Avatar

Joined: February/12/2008
Location: Ky
Status: Offline
Points: 16071
Hate to hear your news too Bill. Hope things improve for you.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 16:53
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
MAN!  Now I feel embarassed!  Very Sorry to here you got laid-off Bill!  I hope at least they gave you a decent severance package!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 18:00
billyburl2 View Drop Down
Optics Master Extraordinaire
Optics Master Extraordinaire
Avatar

Joined: January/08/2009
Location: Cottonwood, AZ
Status: Offline
Points: 3873
Severance packages and construction are not really synonymous. Thanks for the well wishes and my apologies for the hi-jack. But K-B is correct, just got to man-up and get out there again! 
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 18:12
300S&W View Drop Down
Optics God
Optics God
Avatar

Joined: January/27/2008
Location: Burlington,WV
Status: Offline
Points: 10592
  APOLOGIES for a hi-jack?!  Around here?!   Roll on Floor Laughing
 
  I know what you mean about construction jobs.  The two brothers I used to work for are going to sell a bunch of their equipment and layoff down to a bare minimum.  Just nothing major out there and no prospects. Mostly privite road rebuilds and maintenance in the winter. 
 
  GOOD LUCK to ya,Bill.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 19:20
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
Hi-jack??? I am probably one pf the worst offenders, LOL!  Actually your post put things in their proper perspective and made me feel better.  Not to be rude or callus but at least I still have a job with reasonable security for 6 months or more...
 
Hope you find work Soon Bill!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 19:26
Kickboxer View Drop Down
MODERATOR
MODERATOR
Avatar
Moderator

Joined: February/13/2008
Status: Offline
Points: 18339

I spent a number of years in construction business... ironworker, carpenter's helper, bricklayer's helper, pipefitter's helper, heavy equipment operator.  I've been laid off more times than most people have been laid... 



Edited by Kickboxer - November/03/2009 at 19:26
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/03/2009 at 19:32
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
Hmmmm,  Dan I think you just coined a new saying! Smoking Bandit
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: November/04/2009 at 13:00
budperm View Drop Down
Optics Retard
Optics Retard
Avatar
show me your sheep!!

Joined: January/01/2009
Location: Pennsylvania
Status: Offline
Points: 27629
If anybody is interested in more info without me slanting it, check this out!
What the article doesn't reveal is that Nolan and the 6 B&D board members stand to make over 500 million dollars from the merger and the rest of B&D management gets laid off!
Capitalism unchecked....don't ya just love it?
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Similar Threads: "ROCK MY WORLD"
Subject Author Forum Replies Last Post
THE ROCK..... cheaptrick Firearms 15
Real world effect of parallax to lower lower scope Canuck Bob Rifle Scopes 7
rock chucker or lyman classic turret press? cowski Reloading & Ballistics 10
World's First Optical Vibration Reduction Laser RF Skylar McMahon Laser Rangefinders 1
Rock Island Armory hunterwingler Firearms 12
Rock River Polymer Frame 1911??? 2nd_2_NONE Firearms 15
Rock River Arms ar-15 mil169 Firearms 35
Scope for Rock River 308 Varmit Ron 18 Tactical Scopes 1
How to Watch Live ICC cricket World cup 2011 in iP lovcricket Rifle Scopes 1
Tasco World Class 3-9x40 IR Opinions ffvo Rifle Scopes 2


This page was generated in 0.141 seconds.