car suppler job

[thecfarm]

Not looking good,at all.We make interior trunk parts for GM,Toyota,Nissan to dress up the trunk.Been on 3 day work week for a month now.I work 4 days on than 4 days off,12 hours.Next week I work 3 days,maybe,get done on the 18th and don't go back until the 12th of Jan,with a big maybe.If we do go back only a few will be called at that time.I'm #5 so should be called back.There are only about 20 on each crew.They said we will "call" you.That sounds real promising.Will know more when I go back next week.Than on top of that they are having money problems.Some people don't use their vacation and will get paid off.They won't get this money until the second quarter,should get it in their first pay check of next year.Than to really make me wonder,Jan 1st is now a floating holiday.So this way they won't have to pay 300 people holiday pay.I read about companies like this.Go to work and the place is closed.  Never seen it this bad in the 22 years that I have been there.Been other times with the GM strike and all,but we have never shut down for more than a few days.

[Roxie]

I am so sorry that you are left hanging like this.  What are job prospects in your area?

[SeeSaw]

I feel for you.  I still do not understand how a federal government that can waste trillions of dollars, then give 700 billion to the financial sector with no questions aked. But the U.S. Auto Industry asks for a "loan", "not a bailout" and all they get is a ration of dung spewing from the mouths of the most wasteful entity on the planet. If they go down,  the pain will be felt in every state.  Richard Shelby needs his head examined IMO.

SeeSaw

[thecfarm]

Not good,for anything that pays half way decent with benefits.Another place that sells counter tops and other plastics products just laid off 100 people.You sure don't want to hear about the paper mills.  :(  Everything is down.Need to get into the grocery or the firewood business.People have to eat and keep warm.  ;D  But we will mange. Just be like the rest of the people,only buy grocery and fire wood.  :D

[Ed]

It's not good here either. I do mechanical design work for GM (not a GM emlpoyee). I'm down to 32 hours now, no GM work at all. I've got some other stuff to keep me busy, but it's scary.

I've never seen it this bad in 25 years.

Ed

[SeeSaw]

Ed,

I agree with you but it's never been this bad in our lifetime let alone 25 years.  I think we're going to come close to the great depression before it's all over.  But, don't worry the banks got lotsa money that they won't loan.  No questions asked or strings attached either!!!!!!.  They can now give all of their CEO's millions of dollars raises for getting us into this mess to begin with.  Oh, yeah, lets not forget about them oil companies.  They helped put us here too.

SeeSaw

[Tim L]

I know what you guys mean . I'm looking for work myself . Unless you have seasoned wood this time of year not much is moving .

[farmerdoug]

Here on the east side of Michigan, all news about jobs seem to be bad news. :

Even the jobs not tied to the auto industry are reeling.  I am not sure what people are going to do when the unemployment runs out.  Collecting scrap does not even pay anymore.

[Ron Wenrich]

My wife says the phone isn't ringing at the life insurance end of things.  There are big budget cuts and they are going to cut out the dead wood.  Unfortunately, a few of the good ones are going to have to be let go also.  Her position is good for right now.

Mill side is seeing a marked slowdown this month.  Willing buyers looking to buy from our wholesalers, but can't get a loan.  So, it backs up.  We're almost out of logs, thanks to the weather.

I have seen it this bad back in the early '80s when interest rates went sky high.  What happened in that case was that people weren't paying their bills, but putting money in the money markets.  The difference between the late penalty and the invested interest was substantial, especially for a large company.  That filtered all the way through many segments of the industry.  Nobody was selling anything because the money was tied up elsewhere.  Very similar to today's problems, but different causes.

[rebocardo]

> then give 700 billion to the financial sector with no questions aked

Dominos. If they failed it would bring the whole economy down, look what happened just with a big hiccup.

[logwalker]

> then give 700 billion to the financial sector with no questions aked

Dominos. If they failed it would bring the whole economy down, look what happened just with a big hiccup.

Don't believe what Paulson and Bernake told you when they first went begging in D.C.. The banks have done nothing with that money except hoard it and use it to buy up smaller competitors. We are, as a nation, living beyond our means and need to quit spending like there is no tomorrow. We have to let the auto and housing markets fall back to levels where a young person can actually afford to buy.

I was in a Ford dealership yesterday and looked at the new F-150. They were asking $42,000 for it. I can buy a house in any number of places for less than that. It will be painfull but the car companies need to reorganize and they won't do it with a bailout. Joe

[thecfarm]

I got a call from HR on the 9th,just to let me know they had to re-do the crews.Down to 15 people now per crew,4 crews.More people got laid off.I'm all set.Go back to work on the 12th,everything looks good.Back to work on the 17th and boy what a change.A lot of orders was cancelled through the work.Now we are down to 10 people and only 2 crews.No night shift.Only 20 people out of I guess of 120.I'm still working,so far.No one is buying cars like they was.The great president Day sale is coming right up for cars too.I doubt that will be a big deal this year.We went from kinda slow to almost nothing.

[SeeSaw]

Nothing is selling because the banks still are not lending money.  I know a couple that went to buy a new Saturn recently.  Both of them work make decent money and have good credit.  The bank told them they would have to put 20% down or they could not get a loan. That equates to about $8000.00. Well they told them to stick it because they did not want to blow all of their savings.  Unsure of the economy and the future and they might need the money if they fall on hard times.  Heard similar stories many other times too.

[beenthere]

Sounds reasonable on a vehicle that will be worth less than 80% of it's value as soon as it comes off the lot.
Mistakes were made when the loans were given with under 20% down. And the banks either got stuck with the loss or they sold the loan to someone who was good at laundering the money on the market....and the result being the big money bailouts. 

[farmerdoug]

Next week I am going to at least one plastic plant auction.  They went bankrupt before the stock crash.  Everybody lost their jobs at that company. :

[beav39]

hope things keep going for ya cfarm things are tough here in maine for lots of folks been lucky to have enough sawing to keep food on the table

[wi woodcutter]

                        cfarm sure hope things look up for you! Keep your head up, things will be better some day!

[cheyenne]

Ron... the differance between now & the eighties is cd's were paying 20% & 21% In big blocks. Now your lucky to get 3% to 5%....Cheyenne

[thecfarm]

I'm not the only one that this is happening too.At least I am working.There are some with no jobs,all across the US and I really don't think there is much out there that really pays anything in my area.That's what concerns me.With no good paying jobs,no money to spend.I'm still working 36 hour a week,down from an average of 44 hours.That's OK for a few weeks,but not for a few months.I will get by,we all do at times like this.But there again my spending is way down.Can't spend what you don't have.Some cars plants are not coming up until mid Feb, or at least that's what they say.That's the projected time.Read back a few posts of mine and see how the projected time worked than.

[trapper]

I work for the largest outboard motor company in the us and after one third of the people are laid off the rest of us are on ly working two weeks each month.  glad I am close to retirement.

[thecfarm]

I worked one week and left for work thinking all set for now.     Got a phone call from HR saying not to come back this week.  :( Guess I will just stay at work.Every time I leave it's bad news.  :D I was told to come back Feb 2nd. And he said that's what we are hoping for.It's just wait and see at this time.
I heard DSL in OH closed down. Seemed like 8000 lost their job. Just like I said before,I'm not the only one in this mess.

[Polly]

    several vears ago when ros pero ran for president  we were all warned by him what was about to happen     his quote was i believe  if the goverment signs the  nafta agreement   their will be a giant sucking sound as the jobs leave this country  sorry to say   no one listened    you all realize the person that was in the white house at this time     now as a result the co that made seat covers for toyota  gone two other factories that made auto parts  gone  and this is just from a small town in ky  this is not only ky but other states i have driven through and seen the empty factory buildings  as well    now think back and as yourself      who did you vote for  : : :( :( 8)

[SwampDonkey]

I guess I'm better off than most you guys. When you grow up in a depressed economy for a whole generation the only direction it can possibly take is up. :D :D When ever there is money to spend on infrastructure and other stimulus it's the southern cities. Other regions are "the have nots", while the south prospers on taxation life support.  I've have not seen any mention of anything for this region of New Brunswick and even worst off is the north shore. They are great at report writing and dismal on delivery. :D In my area, it's farming, forestry, and trucking and service on those sectors. It never has been boom times at the best of times that I can remember, "we just get by".

[WH_Conley]

Polly. I remember that wife used to work at a plant that went south, reason I voted for Ross, he made sense. I think NAFTA has to be shared blame. It was passed under old George, with his blessing, by a large margin and signed by Clinton.

[beenthere]

And in the end, all the votes for pero just got the wrong guy elected. The beginning of what we have to face now.

Not that Pero didn't have some great ideas and knowledge, just that he wasn't in the right place to do anything but harm.

Have to win the media over first, in any election coming up. IMO