1. Welcome Hearth.com Guests and Visitors - Please enjoy our forums!
    Hearth.com GOLD Sponsors who help bring the site content to you:
    Hearthstone Soapstone and Cast-Iron stoves( Wood, Gas or Pellet Stoves and Inserts)
    Caluwe - Passion for Fire and Water ( Pellet and Wood Hydronic and Space Heating)

This one made me raise an eyebrow.....

Post in 'The Inglenook' started by MasterMech, Nov 8, 2012.

  1. MasterMech

    MasterMech Guest

    Helpful Sponsor Ads!





  2. jharkin

    jharkin Minister of Fire

    Joined:
    Oct 21, 2009
    Messages:
    3,322
    Loc:
    Holliston, MA USA
    You gotta love big corporation logic.. They are spending 250 million Kronor in one quarter to save 220 million kronor over 2 years. uhhhh ?


    Killing jobs just for the hope of a stock price bump probably.
  3. MasterMech

    MasterMech Guest


    Kinda like cartoon physics? :p
  4. bogydave

    bogydave Minister of Fire

    Joined:
    Dec 4, 2009
    Messages:
    8,426
    Loc:
    So Cent ALASKA
    The part that it will happen after nagotioations with unions.
    Maybe looking long term at future financial union liabilities.
    Cost buying out 600 employees union benefits will be expensive. 250mill but save 220mil in following years
    Paid out once & future earning go up afterwards.
    Looking at a long term business decision.'

    have to know more of the cost of employees & their union benefits vs savings over time

    Not mentioned, but, outsourcing may be in their future.
    Maybe China can make the products cheaper ,
    Got to remember it's a global economy.
    Accept change, adapt to it, or ? ? ?
  5. MasterMech

    MasterMech Guest

    Article stated that roughly half of those positions being eliminated are in Sweden. I bet their benefits are expensive indeed. They have a gov't mandated health insurance program do they not?
  6. rottiman

    rottiman Minister of Fire

    Joined:
    Sep 23, 2009
    Messages:
    1,102
    Loc:
    Ontario Canada
    You can see the way this is going. They are flooding all of the big box stores, i.e. Home Depot, Canadian tire etc., here in Ontario with home-owner chain saws at discount prices...............and they certainly aren't of the quality we have all come to expect in Husky saws.
  7. jharkin

    jharkin Minister of Fire

    Joined:
    Oct 21, 2009
    Messages:
    3,322
    Loc:
    Holliston, MA USA
    Oh I misread it... The savings are 220 million per year. Still its sad to see them cutting jobs that you know are going to be refilled in China.... I know its a business decision but it sucks, Ive been asked to make such calls myself and its no fun. The price of working for a publicly traded company - everything is quarter to quarter. Miss your numbers and the axe falls :(

Share This Page