.......I was long 3000 sh, made a quick 40% and
ran like hell.........the mgt at Oneida are
fogbound........they have no idea what a hopeless position they're
in.........the only prayer they've got is consolidate with LBY
or another major player........I was in the tabletop
industry for almost 30 years and IMHO the OCQ
manufacturing facilities are antiquated and
inefficient.......the BOD of OCQ is flattering themselves to think the
company is worth more than $37.50.......those chumps are
gonna be sellin' pencils on the street corner soon
enough.......God help the diehard OCQ longs;because the OCQ
mgt.sure as hell won't .....
All of you taking your shots at OCQ don't have a
crystal ball and you really can't think the employee's
lost out. How did you expect LBY to pay for this?
Reducing the workforce and cutting benefits is the true
way to pay for it and let me see I think that would
have helped the employee's a great deal. The way I see
this is that OCQ has been here for 100 plus years on
it�s own and doing fine why mess with a good sound
PS: So you know for the record LBY�s doesn�t have
OCQ�s old CEO, he never was CEO.
Given the fact that foreign competition is
increasing and becoming more and more aggressive in the
expanding US market, I would say both LBY and OCQ employees
are the losers.
As it has been stated on this
board many times:
1) Making china and flatware
isn't rocket science
2) Making flatware is mostly
over seas now with no hope of coming back
York is very expensive to do business in.
were an employee I would rather work for a $1 billion
dollar company that has a global scope and reach than a
local enterprise which thinks it is global but is
forced to cut, reduce and layoff to stay competitive.
Both LBY and OCQ employees are the losers, not to
mention the stockholders. At least most stock holders
have sell options that they can excercise in a moments
notice. The way the CNY economy is these days, I don't
think the employees have the same luxury. There isn't
much manufacturing left in CNY, and as the world wide
squeeze gets made, there will be even less!
which is it? Grow and survive or shrivel 50 employees
at a time? Where is the vision? At least LBY
realizes that they can't do it alone. I have to wonder why
OCQ feels they can do it all by themselves when they
haven't been able to maintain what they have built
(evidenced by the layoffs).
Who lost? Everyone.
Employee's need to realize no matter who is in
charge, we will be cut down to the bone. OCQ must cut to
keep our stock up to fight off LBY. LBY is not out of
the picture yet... As for Importing goods, OCQ does
import. OCQ owns factories in Austrail (flatware), Mexico
(flatware), and somewhere in China (I think)(holloware
plant). OCQ imports glassware.. The question the
employee's need to ponder is how long before almost all the
flatware products are imported? LBY/OCQ what difference
will it actual make in the long run??
I feel bad to think that your opinion of Oneida
is that the hard working people there are a bunch of
drunks. This is not so. They all work hard and you can
not believe everything that you read on these boards.
I don't usually write anything on the boards but I
just had to give you my opinion. The people at Oneida
do not deserve this type of nonsense.
Well it seems that the big guns at OL are at it
again. One guy has the smell of liquor on his breath so
they fire him but turn their backs when OL employees
come back from lunch quite inebriated. This is not
something that has just started to happen. It has been
going on for many years bosses included. But all of a
sudden we are going to take one guy out. What an example
of how things are done at OL. Start handing out
breathalizers on the way back from lunch at the gate. See how
many employees you can get rid of that way....
To everyone out there who thinks this is over and
they can breath a sigh of relief......Don't. It is not
over and I do not not believe Libbey is done. They
said they were withdrawing their buyout offer. Does
anyone know if they said they were not thinking about a
takeover? This was too easy. I think everyone should be
careful, and keep both eyes open. I also think we should
keep our eyes on management. For them, this is back to
business as usual and it is "business as usual" that got
us where we are today! Now would be the time to
start updating and modernizing but I don't see that
happening either. Be careful and stay awake!!!!!! By the
way, does anyone have any idea what the plans are for
the Canada machinery that has been placed in the
Holloware Pressroom? Are we going to start doing flatware
in the Holloware building????? Just curious.
And what is the warehouse for? I can't imagine
that the warehouse is being built here just to house
all merchandise made in other countries. Now that
would be real bad business. How does it make sense to
build in a state with the highest taxes unless you
already have other interests there? The doors have not
closed yet. As far as the committee, we know they
already have one, and we know that we are not on it. That
would be what we are trying to change! And if they are
planning to close the doors soon, wouldn't the plant
itself make a nice warehouse, saving them millions? I
don't have any answers, but your answers make
absolutely no sense. Your "dope slap" is getting old, find
another please! It wasn't funny the first time.
Well, I am an employee and I know nothing about a
cost of living raise to start in November or any other
time. Please let us know where you are getting your
information. As a matter of fact, we are doing such a fine job
that 11 jobs were cut on 3rd shift silver buff just
last night, with more promised today on 1st and 2nd
shift. I'm guessing this is not because of the fine job
we are or are not doing. Funny we haven't heard from
PK in a long time. And now we hear that our usual
communications meeting scheduled for this coming Thursday has
been canceled. Wonder why. Maybe there is some truth
to the rumor about Newell. But there certainly is no
truth to this rumor about a raise, at least not to the
knowledge of the employees and I think we would know.
Does any one have some info on the confidential
between Oneida and Libby . I am concerned when
settlements are made that can not be discussed with the stock
Perhaps some one may have had a discussion
over a couple of beers that they will share with us .