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Sypris Solutions Inc. Message Board

  • bleedingdanablue bleedingdanablue Jun 26, 2005 6:13 PM Flag

    Leadership

    Looking for some quality leadership in this company. Have meet a few that seemed in touch with the company and market. But see a real lack of respect for the workforce. This is the exact oppisite of the 2005 Company Porfolio, which states employees are highly valued.

    Trust me, there are some managers that won't even say hello, when they are spoken too. I wonder is the Gill's know the intimatation tatics being used in one of their southern plant?

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    • Please go into more detail. I visited there about 2 years ago, and everyone was smiling and working hard. The bottom must have fallen out - undoubtedly the additional pressures from Solution to try to cover the losses.

      The company is so poorly run, that it doesn't surprise me that the only decent plant in the automotive sector of the company has now fallen apart. The Gills have no vision, and seem to have no stomach for letting go of the good ol' boy "leader" who drug Technologies down the toilet.

      Even the new group President who was brought in from Honeywell to run Electronics is lost.

      Everyone thinks that laying off people is the right solution - short term it is, but what are they doing to solve the long term strategic picture? Test and Measurement, although performing well, is a dying market. As the US heavy truck market goes, so goes Technologies - and it's in the tank. Electronics is relying on a few government contracts, but can't grow it's commercial contract. I don't even want to talk about Datatape - what a dinosaur...

      Enough of this one - I've been out since the stock was at $22 about 3 years ago. Keep an eye open once the stock gets to around $4, and a major shakeup is demanded by the shareholders. The board of directors doesn't seem to want to do anything, so it will rely on those of you riding the donkey down the canyon to fix it.

      Good luck.

    • What plant in the south are you talking about? What state is it in?

      • 1 Reply to taasnc
      • There are only two real plants in the deep south - the electronics facility in Tampa, and the test and measurment facility in Orlando. Test and Measurement has several branches scattered in the south. Both have issues - Tampa has seen huge turnover, a major drop in business, and about half their facility un-used. Orlando has had its share of layoffs and turnover, and poor planning up top to take advantage of a strong calibration business.

    • <<Bleedingdanablue said:
      Looking for some quality leadership in this company. Have meet a few that seemed in touch with the company and market. But see a real lack of respect for the workforce. This is the exact oppisite of the 2005 Company Porfolio, which states employees are highly valued.

      Trust me, there are some managers that won't even say hello, when they are spoken too. I wonder is the Gill's know the intimatation tatics being used in one of their southern plant? >>

      A very prophetic observation. You can take a look at their 2005 annual report and see that there are several employees highlighted that are no longer with the company, or were even laid off. As divisions get in hot water, the hammer falls from above, and the inner circle decides who should get the axe, regardless of their performance. It is all about cutting pay. The only problem is that all the cutting still doesn't free capital to ensure the longevity of the dilapidated factories in Kentucky.

    • Know it? They invented it!!! The problem can always be traced to the top.

    • Say what you want about leadership, but I'm enjoying substantial gains in this stock since my initial inquiry on this board and subsequent stock purchase.

 
SYPR
5.05-0.04(-0.79%)Jul 25 4:00 PMEDT

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