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Sypris Solutions Inc. Message Board

  • bri38dog bri38dog Sep 27, 2008 7:14 PM Flag

    plant layoffs

    I have heard that sypris tech. is shutting down a plant,up north, is this true?

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    • Kenton, OH

      • 1 Reply to exdanaemp
      • The electronics plant in Tampa is a shell of its former self with all the layoffs this past year (latest one a couple of weeks ago). What a waste, this organization has squandered every opportunity to grow its biz, with nearly the entire industry being sent offshore the segment where these guys play is all domestic due to restrictions on DOD related biz plus they are insulated from economic downturns since nearly all is govt related biz. This and many other Tier 2 & 3 CM's took their eye off the ball over the past few years and let the Tier 1 guys get too close to the OEM's. But then again orgs like this one are so NOT creative and doing biz like they are still back in the 70's! This one is on life support (along with many of its oldtimers still employed in key positions) that refuse to give up the "three bids and buy" way of doing biz. It won't be long now until it is a sub $1 stock.

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