HUGE ground shift in a multi billion dollar industry | |
CMcC
User ID: 80226562 United States 11/24/2022 08:40 AM Report Abusive Post Report Copyright Violation | |
JustmeTX
User ID: 84369183 United States 11/24/2022 08:41 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82374875 United States 11/24/2022 08:48 AM Report Abusive Post Report Copyright Violation | 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? Quoting: JustmeTX Could be a good opportunity. 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 Awesome! Capitalism at work. 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 United States 11/24/2022 08:51 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69679581 United States 11/24/2022 08:52 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84810898 United States 11/24/2022 08:59 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Hairy man More than 2500 employees out of work right before the holidays. does that mean furniture will cost even more?! . |
Anonymous Coward User ID: 79785752 11/24/2022 09:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79785752 11/24/2022 09:04 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Hairy man More than 2500 employees out of work right before the holidays. does that mean furniture will cost even more?! . 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 Report Abusive Post Report Copyright Violation | I read six different articles on the FurnitureToday website posted by OP. Quoting: Anonymous Coward 69679581 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. Furniture industry is dead. No one is buying. |
Anonymous Coward User ID: 3777019 United States 11/24/2022 09:18 AM Report Abusive Post Report Copyright Violation | If a billion people "die suddenly", there will be lots of decent used furniture on the market for low low prices. Quoting: JustmeTX Also, Lane made some pretty poor quality furniture. Yeahhhh enjoy that used sofa soaked full of cooties. Death-couch, 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. :) 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84798972 United States 11/24/2022 09:20 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82374875 United States 11/24/2022 09:21 AM Report Abusive Post Report Copyright Violation | This is sad. I feel for all the people losing their jobs. It might be rough finding another one. Quoting: InTheGLPHood 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. 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 Report Abusive Post Report Copyright Violation | 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. Quoting: Hairy man More than 2500 employees out of work right before the holidays. Brutal, I just looked at their website and it looks like quality furniture. |
Anonymous Coward User ID: 79780453 United States 11/24/2022 09:25 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75069477 United States 11/24/2022 09:28 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69521267 United States 11/24/2022 09:28 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Hairy man More than 2500 employees out of work right before the holidays. This so very sad! |
John Dutton
Forum Moderator User ID: 83184620 United States 11/24/2022 09:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 3777019 United States 11/24/2022 09:32 AM Report Abusive Post Report Copyright Violation | I read six different articles on the FurnitureToday website posted by OP. Quoting: Anonymous Coward 69679581 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. Furniture industry is dead. No one is buying. 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 United States 11/24/2022 09:36 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84801705 United States 11/24/2022 09:53 AM Report Abusive Post Report Copyright Violation | |
Mr Samuel Colt
User ID: 79758275 United States 11/24/2022 09:53 AM Report Abusive Post Report Copyright Violation | Wow, I was in High Point, NC a month ago. Quoting: TerraFirma's Esoterrorist It was known as the 'furniture capital of the world.' I wonder if they are FTX bagholders? https://imgur.com/a/tlLY3VF 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
White heteropatriarchal supremacist User ID: 84804751 United States 11/24/2022 09:56 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Hairy man More than 2500 employees out of work right before the holidays. Nobody needs furniture to stand in a bread line, or be buried in a mass unmarked grave. --------------- Don't care. Still voting Trump! ---------- |
BrainGuy, MAGA Republican
White heteropatriarchal supremacist User ID: 84804751 United States 11/24/2022 09:57 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80910867 United States 11/24/2022 09:58 AM Report Abusive Post Report Copyright Violation | |
BRIEF
User ID: 79662918 United States 11/24/2022 10:00 AM Report Abusive Post Report Copyright Violation | 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? Quoting: JustmeTX Could be a good opportunity. 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 Awesome! Capitalism at work. 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. |
Agent 99
User ID: 77082640 United States 11/24/2022 10:01 AM Report Abusive Post Report Copyright Violation | |