Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

[62-impala-ss]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

So it's your fault!! :-*

[TheSilverBuick]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Caterpillar is cutting 20,000 from it's workforce. For every job cut how many more will need to be cut somewhere else because of the lost purchasing power?

This nation is like a drunk that needs to hit bottom before finally finding the way out.

We backed out of purchasing 5 793 haul trucks that were slated to show up later this year, at 3 million or so a piece. :-\

[62-impala-ss]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Caterpillar is cutting 20,000 from it's workforce. For every job cut how many more will need to be cut somewhere else because of the lost purchasing power?

This nation is like a drunk that needs to hit bottom before finally finding the way out.

[SuperBuickGuy]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

It is too bad.

[DanStokes]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Best of luck, John - and all of the folks feeling this recession every payday. This is beyond "Sucks".

Whatever each thinks of the new President, let's all hope his ideas work and we can get America (and the rest of the world) back to work. We've got to do SOMETHING.

Dan

[LS2Chevelle]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Thanks to everyone for the support and kind words. I am sure I'll end up in the industry somewhere soon. As far as the future of Eaton at consumer events, they will be at a few. The marketing folks survived the blood letting and they are good people who know the value of a consumer with a choice where to buy their products. I'll be hanging with my Internet Radio gig which is a hobby of passion which is from the heart and not the wallet. I'll be on the Powertour for sure!

[Freiburger]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Tough for my industry, too. The pub company "right-sized" another group of people last week.

[TheSilverBuick]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

I've been avoiding reading this one. Mostly because I'm tired of bad news, but partly because seeing industries closing doors hits a little closer to home. For me, mining is a boom/bust industry, and many have already busted. We haven't done layoff's yet, but sweeping drug testing has started (usually results in double digit percentage work force reduction). It weighs on my mind, though I know our operation still has a healthy buffer in copper price before we're cash flow negative.

[70 sx 455]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

its like a domino effect,or sh;1 rolls down hill,everybody panics and starts canning people!when does it stop?funny ive noticed the equipment company i work for is dropping people at the bottom who do most of the work,maybe they should drop more of the worthless upper management with six figure saleries first !

[ls7gto]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

wish everybody the best. doesnt sound good for the woodward dream cruise either.

[tiresmoke!]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

I've got my fingers crossed for ya, bub.....

This has gone BEYOND ridiculous.

[62-impala-ss]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

I make parts for an Eaton division. Buisness has been down for tye last 3 months. We just went to 32 hours this week. This better not last much longer or ...

[tiresmoke!]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Damn, indeed....I hope all affected get back on their collective feet soon.

Eaton builds some quality products.....I row an Eaton 10-speed 5-6 days a week.

Wonder when the hits will stop coming?

[AllenK]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Good grief! It will get worse before it gets better too.

[Woodward_Dreams]

Re: Friday Excuse to Go Home Early and Drink: Eaton Lays Off 5,200

Yep it sucks. I drive past their HQ's everyday.