[AT] OT NG and diesel now layoffs

[Cecil Bearden]

I have seen Halliburton do this 3 times since 1975.  I have some 
engineer friends who left Halliburton and hung out a shingle for that 
reason.

OK, I don't want to get into politics, but I don't think that any of us 
want to get caught with our financial pants down, so to speak.   Things 
are going to slow down and really get tight..  I subscribe to the Bob 
Livingston Letter.  I have for several years.  He predicts things pretty 
accurately.  I just do not feel that I can take a chance on the stock 
market at my age.  However he has a lot of useful information.  The 
letter I received today stated the reasons behind these layoffs and what 
might be expected in the next year or two.  It doesn't look good.  I am 
thankful that I followed my Dad's advice and only bought equipment and 
livestock I could pay for at the time.  With a full tank of fuel and if 
my health does not deteriorate  any more I can weather the storm.  I 
would recommend you guys subscribe to the Bob Livingston Letter, it is 
free.   I have no connection to it and I will stop recommending anything 
not tractor related...
However, after digesting today's letter, it may give a clue as to why 
our old iron is not  as valuable as we think it should be. There is just 
not as much money floating around out there as there used to be.  Here 
in OK the horse business follows the Oil Patch. When there is a lot of 
drilling and leasing, horses and anything connected with them is a hot 
commodity.  When the oil Patch slows down, horses go hungry and horse 
trailers are being sold by the banks.   It seems the only business that 
does good in a recession is the liquor business.  When I worked in the 
tractor shop 50 years ago, our best customer owned 2 bars!!!!!
Cecil

On 12/3/2019 4:36 PM, bradloomis at charter.net wrote:
>
> Ah but today’s MFG news has several:
> *Halliburton Lays Off 800, Plant Closure Expected* 
> <http://click.reply.ien.com/?qs=e03bb548e1a039502400064a0b082dd55a10f6a101e9efd7799e0dc22e688d2cb8ec0e1d287cef18bf8beaa8f8f8255ed6a83eecc27c9460>
>
> *Daimler to Cut 10,000+ Jobs* 
> <http://click.reply.ien.com/?qs=e03bb548e1a03950e52d03a84c8da6a0cd579bda93e2654f34fab7eed5600e38a4264491315959474f8e37f0b1d14e99744a70a249e258ad>
>
> *US Manufacturing Contracts for Fourth Straight Month* 
> <http://click.reply.ien.com/?qs=e03bb548e1a03950472d576721036a2609258780a240f0e8c37e502adaf2c6cff3ecf119190148f4eb1ddb7a368410003443989b3281127f>
> I guess thing’s aren’t all rosy in the manufacturing/industrial world.
>
> *From:* AT <at-bounces at lists.antique-tractor.com> *On Behalf Of *James 
> Peck
> *Sent:* Tuesday, December 03, 2019 8:54 AM
> *To:* Antique Tractor Email Discussion Group 
> <at at lists.antique-tractor.com>
> *Subject:* Re: [AT] OT NG and diesel
>
> Those are all salaried jobs. They probably allow managers to rank the 
> salaried employees and cut those with the lowest ranking. It does not 
> really reduce the people on the shop floor operating the manufacturing 
> equipment. On the other hand, they probably should not cut the people 
> in the high turnover disciplines because they will empty out on their own.
>
> And some not so good news on the manufacturing front:
> https://www.manufacturing.net/home/news/21103326/cummins-cutting-2000-jobs-in-2020
>
>
> _______________________________________________
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> AT at lists.antique-tractor.com
> http://lists.antique-tractor.com/listinfo.cgi/at-antique-tractor.com
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