With the final split of Automotive and Packaging expected in the next 60 days, have not seen any announcement about this division located in Texas. Will this become a stand alone business?
You're exactly right. Too many
restructurrings and nothing to show from them but a declining
Latest rumor: Heard from a
packaging guy that Mead is done come March. Maybe I'm too
stupid to not have heard that before. However, if this
is true, we should see a massive increase in the
The board of directors and the present managemnt
quit immediately... if they claim to be human
What a shame.
Only the born losers are still
working at TEN.
Polish those resumes and get out
before that wild
stampede begins. All exits are
getting blocked and
only the rotTEN idiots will be
left to die like flies
trapped in an empty jar. BTW
if you have a Tenneco on
the reume then be
careful...I had to change mine to
to find a great job.
The Tenneco resumes were
all being tossed into the garbage!
for saving my butt from these filthy sinners.
Great post. One question: Do you really think
that it will all be over in two weeks?
that the PCA of the future will be much better than
the present PCA. Leadership does have a lot to do
with the way people feel about their jobs and their
future. Moreover, I think the industry has done some
things which will restore long term profitability.
Although the present mill numbers don't show it today, the
mill downtimes, shutdowns, etc, will prove to be a
wise move. Pity that other "industry leaders" haven't
the guts to do even more.
Anyhow, great post,
good opinions, especially the comments about
military-types. Almost all military people I know are of high
character, hard-working and dedicated. Once in a while you
run into a "lifer" who suffers from rectal cranial
You wonder why some people are so
negative on this site. First, It's not disgrunteled
employees, but employees/ex-employees that have seen a
management team take a once good company and destroy it.
Tenneco has restructured so many times in the last few
years that the "Street" has lost all confidence in the
current management. Most strong companies have at least a
one to three year plans. Tenneco works on a quarterly
plan. Check it out, in 1998 Tenneco ran quarterly load
programs for customers, to try to improve quarterly
results, they finally realized it wasn't fooling the
"Street" and have abandonded that.
Don't take mine
or anyone on this sites word for the problems at
Tenneco, just ask your broker.
take one down and pass it around (guess
98 dollars of beer on the
17 dollars of beer on the wall,
17 dollars of
beer, take one down and
Well campers, time for bed.
No one will likely defend the current management
group, especially the top dog.
are some occassional voices for reason amidst the
noise and babble of those who love to complain or whine
or pontificate about who started what. I know very
little of where the Automotive part is headed but wish
them well. The news of the post spin-off, reverse
stock split is not encouraging for them or me - let's
hope someone else will buy Automotive after the spin
and leverage what is left to begin rebuilding what
was once a fine organization and product line(s).
As for the new Packaging company, despite what you
read here - many of us remain cautiously optimistic
for a long term improvement. The past couple years
have been difficult, and it may get worse before it
gets better. That said, in the long run this packaging
company has a lot going for it. The core business in are
generally healthy and well positioned for continued growth.
There are several new products or product extensions in
the pipeline that are potential winners. The biggest
problems from where I work are people problems....we need
more people who solve problems make contributions
instead of those who sit back and take effortless
potshots or fuss to no end about this person or that.
(ignore that guy under the identity PKGMGR - he is so
wrapped up in hating Wambold, etc. that he can barely
navigate the drive to work in LF). There was an
announcement this week about Pkg earning dip and a big
revaluation of "certain assets".
If there needs to be
some surgery, what better time to announce it than
before the split...........
I do not work in LF,
but let's hope all the recent and ongoing
organizational moves in Packaging are well thought out and
aligned with where we want to be 2, 3 - 5 years from now.
For this Packaging vet., I am fastening my seatbelt
for a couple weeks more turbulence....but the
destination and future of this company are worth it
One last word Ref : Post #2618. Your response to that
idiot was most appropriate. There are Great, OK, and
piss poor managers from every walk of life (including
the military). My experience with ex military is
generally positive - few are the type to shy away from
responsibility, leadership or for that matter accountability
(rare indeed !). Their past contributions, be it
fighting Toto, Kim Il Sung, Ho Chi Minh or Sadaam are
appreciated by many (and most) people every day.