Sounds like you're leaving a WHOLE LOT of the story untold. Fluor is not the type of company to leave folks hanging out to dry. And frankly, this isn't the place for your whining to be posted.
So let me get this straight, Fluor executives now see an "opportunity" in South Jersey and will be adding 100 employees to the existing 100 being moved from PA back to to SoJersey ..... this just a few years after dumping the Marlton Office like a bastard child? And NO COMMENT from the maligned and previously quite vocal FD-Marlton folks who were oh so active on this board for years ?? Come on !!
Hey "Ferry Bulla", you are a nefarious jag-uff. Even the most spiteful "human being" wouldn't say something like that about Kosa. And if you're still crying (for gosh sake, get over it and get a freakin' life, will ya') and if you're really looking for someone to blame for Marlton' closing, get off the 4th floor and go down two flights to the merry land of 'bugs-n-drugs' - remember Danny-boy and Tom-terrific and their lavish overspending on everything (remember the San Juan party time?)- how about Pistol-Pete and Lying-Li and the rest of the PB pretend-PMs who never came close to dropping any real "P" to the PMAR? Remember which proposal left the client gagging and sealed the fate of the SJ/Philly office - WHO led the effort, huh?
Let's look at the computer industry's end-product and see what's manufactured abroad - the logistics involved with importing micro-e chips and processors lends itself a bit more than moving MV components. Brakes, engine blocks, chasis frames, finish sensitive sheet metal stampings, glass, etc. don't travel well over distances or don't travel as cheaply. Do you know how many memory chips will fit in a full-basket? Now how many seat adjusters fit in the same space? Nope, still think we'll see many tier-2 or tier-3 'locals' doing that work for the US assembly plants until such time as that whole process moves abroad -- and as I opined previously, those who make a living in the US Congress and the Senate aren't about to let that happen on their watch or in their districts without a real fight.
Maybe I've been away from this industry for too long (Oh, wait - that's wrong - one can never be away from THIS industry too long!), but the last time I was there JIT supply management was the "thing du jour" - so unless the auto manufacturers in the US completely adandon their North American assembly plants, how can they effectively manage work in process carrying costs when the supplier is thousands of miles and a couple of ports away. I mean, just look at what GM has done and is doing with most of their affiliated stand-alone component plants in the US - several 'brown' fields of crumbled concrete and left-behind contaminents now dot the landscape (see Flint and Trenton) where once stood thriving Fisher parts plants, replaced by smaller 'local' teir-2 (Mom & Pop) shops. Also with the move towards mostly finished 'assemblies' on the parts side of the business, having supplier plants abroad just doesn't make a whole lot of fiscal sense - neither the supplier nor the supplied would be foolish enough to want to assume the WIP carrying costs. So when GM and Ford say bye-bye to the US assembly plants is when we'll see the vast number of jobs shipped abroad, not before - and, IMHO, given the politically incorrect pork of that move, don't hold your breath. That said, I'm still very bearish on DPH
No, POBOX - actually got into this as an investment - at the IPO as a GM stockholder, BTW, not that that matters. So, no don't expect all my investments to go up overnite - but sure would be nice if this pig had held onto a little more than just over 1/2 of its initial valuation. And coming from the "inside out" really hate to see folks on the DPH & GM boards bashing the UAW so much - take a good hard look at just how much "labor costs" represents in the overall scheme of things, Has the UAW featherbedded? Sure - but so has Management - hell, I used to be part of that "middle level" management brotherhood at GM and always knew that "we" were as much if not more to blame for the lower productivity at the plants - but the real problem was much higher up on the food chain - starting with plant mgrs. that couldn't fart without dropping skids marks in their BVDs much less run a plant, to personnel directors that couldn't negotiate a good deal with the local paper boy much less the shop committee, to plant level engineers that couldn't read a print much less doing plant-level process engineering. Left that all behind about a decade ago when "they" paid me about $100 large over 15 months to do in Oct what I'd already planned to do in Dec for free - same ol' story 10 years later - bad leadership can't make good decisions. Now just trying to make due on the other side of the fence where the grass truly is greener, and hoping against hope that DPH management might just one stumble upon some real management skills - I mean, even monkeys fall out of trees occasionally, right, POBOX?
Couldn't agree more - the management team in Delphi, from top to bottom, is a freakin' disgrace - miss projections by 50%? Hell, why not just get a room full of monkies throwing darts? As they used to say "Bye Bye - Buy Bonds" - well, at least bonds pay some measly return - this POS has dropped about half of its value since IPO, and I'm not sticking around to see any more - won't be long before all of the former GMers on Delphi's so called "management" (??) team get their 30-and-out and sign off (and really crush the pension fund), and then Delphi will probably go the same route as Edsel.
What?? The UAW gets feather-beds for uniuon cronies?? How shocking!! And they get union lackies paid for not working?? How shocking! The next thing you'll tell me is that they continue to get local union officials (and idle UAW members, for that matter) paid in locales where the auto companies have shuttered the and/or leveled the plants - for years and years after the final whistles have blown.
Get real - this has been going on for years, if not decades. Not only that, but much, much more - and the auto company management knows all about it, and condones it. Heck, that's part of the management strategy - keep UAW officials fat, wealthy, and lazy - keeps their idle minds in step with their idle hands.
The UAW doesn't generate the tired and aged designs for vehicles - they come from Mother GM and her band of merry men (yes, it's still an "old boys club", despite some "gender" window dressing).
The UAW doesn't design components that aren't hardly fit for vehicle assembly or systems manufacturing. The UAW doesn't assess and recommend manufacturing processes and tools that can't be run at rate. The UAW doesn't spec costly "exoctic designer" materials that haven't been "alternative utility" evaluated. No, these come from self-absorbed and egotistical engineers who couldn't cut it on the manufacturing floor for a month if their lives depended on it.
And the UAW doesn't make bad MANAGEMENT decisions - will they take advantage of them? Sure as hell, yes, they will and do. But don't blame the UAW exclusively - remember that labor makes up the smallest percentage of the cost of any GM vehicle and/or Delphi component or system - guess who's supposed to control (ie, "manage") the rest??? GM & Delphi managers, IMHO, that's who!
Cultural changes in organizations, big and small, start with management - and their willingness and courage to say "we need to change, and we need to change NOW".
This stock is a dead-end, much like the company's operational leadership. Too much emphasis was and is placed on old GMI grads to lead the plant ops and set company strategic plans. Unfortunately, anyone from GMI with any keen sense left GM and/or any of its former vertically intergrated units shortly after graduating. GM tried to suppliment the leaks with B-school grads, but conflicts with the psuedo-engineering mentality products of GMI led to nothing changing, only increased frustrations. GM & DPH to this day couldn't make any significant cultural changes without a committee of 30 and 2 years of study - by the time any change becomes reality, the pressing need has passed, and time for more change is upon them. Round-n-round they go - slow to respond, and reluctant to change. Most of the folks left in the plant operations positions of any real influence are just riding out the tide - waiting for their 30-years or early buy-outs.
It's just a little shocking that the nearly quiet renewed presence in the Philadelphia area (Media) for Fluor has gone virtually unnoticed on this board - where is GANN and what happened to the strategic plan that closed Marlton just about 1.5 years ago and moved some of the PharmBio crew down south??