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HUGE ground shift in a multi billion dollar industry

 
CMcC

User ID: 80226562
United States
11/24/2022 08:40 AM

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Re: HUGE ground shift in a multi billion dollar industry
Sorry to learn of this.
Fear God and Dread Nought.
JustmeTX

User ID: 84369183
United States
11/24/2022 08:41 AM

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Re: HUGE ground shift in a multi billion dollar industry
Ikea stock just went up
 Quoting: Idaho Potato


Liar piece of shit.
 Quoting: Anonymous Coward 84338021


He was making a joke. Lighten up. You go straight to name calling? You left handed weasel molester! :)

Last Edited by JustmeTX on 11/24/2022 08:41 AM
Justme
Idaho Potato

User ID: 84725207
United States
11/24/2022 08:45 AM
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Re: HUGE ground shift in a multi billion dollar industry
Ikea stock just went up
 Quoting: Idaho Potato


Liar piece of shit.
 Quoting: Anonymous Coward 84338021


Lighten up Nancy it was a joke.
Idaho Potato, it's what's for dinner
Anonymous Coward
User ID: 82374875
United States
11/24/2022 08:48 AM
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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: JustmeTX


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
 Quoting: Anonymous Coward 82374875


Awesome! Capitalism at work.
 Quoting: JustmeTX


Very much, I actually got to raid the tool room a decade ago and got some great deals. Probably bought a few grand in tools for just a couple hundred if that. They kept it going though, did some work for Halliburton on a drill bit, do some work on radar for the Navy I guess. Kinda neat
Anonymous Coward
User ID: 80219026
Canada
11/24/2022 08:51 AM
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Re: HUGE ground shift in a multi billion dollar industry
If a billion people "die suddenly", there will be lots of decent used furniture on the market for low low prices.

Also, Lane made some pretty poor quality furniture.
 Quoting: JustmeTX


Well a billion people aren’t going to die suddenly, so . . .
Anonymous Coward
User ID: 69679581
United States
11/24/2022 08:52 AM
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Re: HUGE ground shift in a multi billion dollar industry
I read six different articles on the FurnitureToday website posted by OP.

One legal opinion was the violation of the WARN ACT. It states that employees are to be given 60 days notice of plant closure for over 50 employees. They have to give COBRA coverage. A lawsuit by a former employee has already been filed.

One article hinted that United/Lane furniture will file for bankruptcy. If this is the case, the probability of the employees getting any compensation will be long coming.

Check out the website. Some interesting articles about the furniture industry.
Anonymous Coward
User ID: 84779829
United States
11/24/2022 08:55 AM
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Re: HUGE ground shift in a multi billion dollar industry
C'Mon Man, Not everyone will make it in Joe Bidens America. All planned of course by Joe and his puppeteers.
Anonymous Coward
User ID: 84810898
United States
11/24/2022 08:59 AM
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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: Hairy man


does that mean furniture will cost even more?!

.
Anonymous Coward
User ID: 79785752
11/24/2022 09:03 AM
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Re: HUGE ground shift in a multi billion dollar industry
Sounds vaxx related.

/ sarcasm
Anonymous Coward
User ID: 79785752
11/24/2022 09:04 AM
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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: Hairy man


does that mean furniture will cost even more?!

.
 Quoting: Anonymous Coward 84810898


Cheap furniture is cheap.

Buy quality, Amish make some of the best furniture and will last for generations.
Anonymous Coward
User ID: 79785752
11/24/2022 09:08 AM
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Re: HUGE ground shift in a multi billion dollar industry
I read six different articles on the FurnitureToday website posted by OP.

One legal opinion was the violation of the WARN ACT. It states that employees are to be given 60 days notice of plant closure for over 50 employees. They have to give COBRA coverage. A lawsuit by a former employee has already been filed.

One article hinted that United/Lane furniture will file for bankruptcy. If this is the case, the probability of the employees getting any compensation will be long coming.

Check out the website. Some interesting articles about the furniture industry.
 Quoting: Anonymous Coward 69679581


Furniture industry is dead. No one is buying.
Anonymous Coward
User ID: 3777019
United States
11/24/2022 09:18 AM
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Re: HUGE ground shift in a multi billion dollar industry
If a billion people "die suddenly", there will be lots of decent used furniture on the market for low low prices.

Also, Lane made some pretty poor quality furniture.
 Quoting: JustmeTX


Yeahhhh enjoy that used sofa soaked full of cooties. Death-couch,

damned
 Quoting: Anonymous Coward 84810578


I'm just saying, hotels buy a lot of furniture. Do you think they care if you get cooties? They will steam clean it. Hotel furniture is used by many many people before you check in. :)

Don't bring your CSI blacklight or you may not want to stay there. :)
 Quoting: JustmeTX


Chain hotels aren't buying furniture from Craigslist.
Chain hotels are buying furniture in bulk, so each room has the same furniture.

The next time you stay at a hotel, or even a motel, you'll notice all the rooms have exactly the same furniture.

Most furniture from the deceased, ends up on a street corner, or in a land fill, because nobody wants a used couch with stained cushions.
InTheGLPHood

User ID: 76340841
United States
11/24/2022 09:18 AM

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Re: HUGE ground shift in a multi billion dollar industry
This is sad. I feel for all the people losing their jobs. It might be rough finding another one.

We had Lane furniture in the past, it is decent furniture.
I have a rocker right now that I'm pretty sure was made by Lane because we bought it when we bought some end tables and they were Lane. Anyway it has removable cushions and I've had it 24 years and the fabric is still in very good condition after all these years, absolutely no tears, no stains, and it's solid wood and nothing on it has ever broke.

Can't find good stuff like this too much anymore without it costing a fortune.
Idaho Potato

User ID: 84725207
United States
11/24/2022 09:20 AM
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Re: HUGE ground shift in a multi billion dollar industry
All our jobs exist by the grace of central banks, the minute they flip the money switch off we are all out of jobs.
Idaho Potato, it's what's for dinner
Anonymous Coward
User ID: 84798972
United States
11/24/2022 09:20 AM
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Re: HUGE ground shift in a multi billion dollar industry
GOOD... SHIT PRODUCTS! NOT SORRY...
 Quoting: Anonymous Coward 73377229


You’re a real fucking prince. What kind of shitbag cheers people losing their jobs?
Anonymous Coward
User ID: 82374875
United States
11/24/2022 09:21 AM
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Re: HUGE ground shift in a multi billion dollar industry
This is sad. I feel for all the people losing their jobs. It might be rough finding another one.

We had Lane furniture in the past, it is decent furniture.
I have a rocker right now that I'm pretty sure was made by Lane because we bought it when we bought some end tables and they were Lane. Anyway it has removable cushions and I've had it 24 years and the fabric is still in very good condition after all these years, absolutely no tears, no stains, and it's solid wood and nothing on it has ever broke.

Can't find good stuff like this too much anymore without it costing a fortune.
 Quoting: InTheGLPHood


the GOV is just removing the competition and adding to its workforce in leavenworth.


UNICOR furniture is the future! made by inmate 80085 who got 5c to make your new plastic fantastic jail cell cot, er, luxury bed.
VegasRick

User ID: 81045925
United States
11/24/2022 09:24 AM
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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: Hairy man


Brutal, I just looked at their website and it looks like quality furniture.

hf
Anonymous Coward
User ID: 79780453
11/24/2022 09:25 AM
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Re: HUGE ground shift in a multi billion dollar industry
china related?
 Quoting: Anonymous Coward 81070876


china churns out furniture like democrats steal elections
Anonymous Coward
User ID: 75069477
United States
11/24/2022 09:28 AM
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Re: HUGE ground shift in a multi billion dollar industry
Ikea stock just went up
 Quoting: Idaho Potato


I just pulled 12 pc of 3 ft x 8 ft vinyl Ikea panels in mint condition, retail $195 each, out of a Dumpster.
Could be a local thing, maybe remodeling industry is slowing.
FucktardsNeedNotApply​

User ID: 69521267
United States
11/24/2022 09:28 AM
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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: Hairy man


This so very sad!
PeaceOnEarth
John Dutton
Progress just hit my wall

User ID: 83184620
United States
11/24/2022 09:32 AM

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Re: HUGE ground shift in a multi billion dollar industry
Bidens plan is working
"I'm Just Meaner Than You"
Anonymous Coward
User ID: 3777019
United States
11/24/2022 09:32 AM
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Re: HUGE ground shift in a multi billion dollar industry
I read six different articles on the FurnitureToday website posted by OP.

One legal opinion was the violation of the WARN ACT. It states that employees are to be given 60 days notice of plant closure for over 50 employees. They have to give COBRA coverage. A lawsuit by a former employee has already been filed.

One article hinted that United/Lane furniture will file for bankruptcy. If this is the case, the probability of the employees getting any compensation will be long coming.

Check out the website. Some interesting articles about the furniture industry.
 Quoting: Anonymous Coward 69679581


Furniture industry is dead. No one is buying.
 Quoting: Anonymous Coward 79785752


The "Furniture industry" as you call it, is far from dead, it's keeping pace with our shrinking economy.

When the economy shrinks, business layoff because they don't have work for every employee, Or they just go out of business because they can't make a profit.

This is basic economics 101, Nothing new.
Anonymous Coward
User ID: 80917322
11/24/2022 09:36 AM
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Re: HUGE ground shift in a multi billion dollar industry
Lawsuit just filed against Lane Furniture (UFI).

[link to www.freightwaves.com (secure)]
Anonymous Coward
User ID: 84801705
United States
11/24/2022 09:53 AM
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Re: HUGE ground shift in a multi billion dollar industry
Lawsuit just filed against Lane Furniture (UFI).

[link to www.freightwaves.com (secure)]
 Quoting: Anonymous Coward 80917322


The employees need to get a judge to file an injunction against the company and its directors, freezing its assets. The email sent out provides prima facie evidence of violation of federal law.
Mr Samuel Colt

User ID: 79758275
United States
11/24/2022 09:53 AM

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Re: HUGE ground shift in a multi billion dollar industry
Wow, I was in High Point, NC a month ago.
It was known as the 'furniture capital of the world.'

I wonder if they are FTX bagholders?

https://imgur.com/a/tlLY3VF

 Quoting: TerraFirma's Esoterrorist



North Carolina also had a huge tobacco growing economy which went kaput, and they also were the textile capital and that also went kaput.
Mr Samuel Colt
BrainGuy, MAGA Republican
Comedy is Terrorism to the Stupid

User ID: 84804751
United States
11/24/2022 09:56 AM

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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: Hairy man


Nobody needs furniture to stand in a bread line, or be buried in a mass unmarked grave.

depression
Stop being murdered.
[link to rumble.com (secure)]
BrainGuy, MAGA Republican
Comedy is Terrorism to the Stupid

User ID: 84804751
United States
11/24/2022 09:57 AM

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Re: HUGE ground shift in a multi billion dollar industry
Bidens plan is working
 Quoting: John Dutton


Chinese slaves sit on the floor and sleep on mats.
No furniture required.

xiden
Stop being murdered.
[link to rumble.com (secure)]
Anonymous Coward
User ID: 80910867
United States
11/24/2022 09:58 AM
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Re: HUGE ground shift in a multi billion dollar industry
BRIEF

User ID: 79662918
United States
11/24/2022 10:00 AM

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Re: HUGE ground shift in a multi billion dollar industry
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.
 Quoting: JustmeTX


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
 Quoting: Anonymous Coward 82374875


Awesome! Capitalism at work.
 Quoting: JustmeTX


If a product is no longer desired, you adapt or die...Why make shit no one wants? Just to give someone a job? Where would the money come from to make shit to throw away?
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Agent 99

User ID: 77082640
United States
11/24/2022 10:01 AM

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Re: HUGE ground shift in a multi billion dollar industry
Jim Rogers "biggest recession in my lifetime".





GLP