[AT] OT NG and diesel now layoffs

Tue Dec 3 19:17:52 PST 2019

Yup, as an employee of the largest wine company in the world, and the
largest publicly held before that, (the largest in the world is family owned
and bigger by a lot) we always say, when times are good people drink, when
times are bad, people drink!

Brad

From: AT <at-bounces at lists.antique-tractor.com> On Behalf Of Cecil Bearden
Sent: Tuesday, December 03, 2019 4:49 PM
To: at at lists.antique-tractor.com
Subject: Re: [AT] OT NG and diesel now layoffs

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 <mailto:bradloomis at charter.net>
wrote:

Ah but today's MFG news has several:

<http://click.reply.ien.com/?qs=e03bb548e1a039502400064a0b082dd55a10f6a101e9
efd7799e0dc22e688d2cb8ec0e1d287cef18bf8beaa8f8f8255ed6a83eecc27c9460>
Halliburton Lays Off 800, Plant Closure Expected

<http://click.reply.ien.com/?qs=e03bb548e1a03950e52d03a84c8da6a0cd579bda93e2
654f34fab7eed5600e38a4264491315959474f8e37f0b1d14e99744a70a249e258ad>
Daimler to Cut 10,000+ Jobs

<http://click.reply.ien.com/?qs=e03bb548e1a03950472d576721036a2609258780a240
f0e8c37e502adaf2c6cff3ecf119190148f4eb1ddb7a368410003443989b3281127f> US
Manufacturing Contracts for Fourth Straight Month
I guess thing's aren't all rosy in the manufacturing/industrial world. 

From: AT  <mailto:at-bounces at lists.antique-tractor.com>
<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
<mailto:at at lists.antique-tractor.com> <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-i
n-2020

_______________________________________________
AT mailing list
AT at lists.antique-tractor.com <mailto:AT at lists.antique-tractor.com> 
http://lists.antique-tractor.com/listinfo.cgi/at-antique-tractor.com

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.antique-tractor.com/pipermail/at-antique-tractor.com/attachments/20191203/346a42ec/attachment.htm>