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HUGE ground shift in a multi billion dollar industry
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 82374875:MV81MjkyMTk5Xzk3NTUyODMwXzc3ODJCMkE2] [quote:JustmeTX:MV81MjkyMTk5Xzk3NTUyODEzX0RDQkQ4MTlF] Maybe the Employees could get together and take it private. Buy the plant as it is liquidated for nothing, and improve the quality or adjust what they are making to reach a more lucrative market? Could be a good opportunity. [/quote] my family did this with a few partners - the business they were at went bankrupt. They bought it and all the equipment for pennies on the dollar. Assets alone were easily a few million [/quote]
Original Message
I'm in the furniture industry. LANE furniture, that has been around for close to 100 years, closed abruptly. This is one of the top 2 biggest furniture manufactures in the United States. They sent an email out to all employees 2 days ago terminating them effective immediately.
More than 2500 employees out of work right before the holidays.
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