Maytag from bad to worse

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toggleswitch, don't be so impatient...

...at the rate things are going, that'll happen in a week or two. And don't get me started regarding outsourcing.

Hey, I'm a left-wing liberal, no doubt about it -- but things like this, Chrysler owned by Daimler, etc., etc., these old American company names going offshore -- what control are we going to have over our economic and corporate base at this rate? Globalization is one thing, foreign dependency is another...

John

John
 
....thwack my head...

...I said "outsourcing" but the word I meant to use is "offshoring"

Sorry for the cunfuzzling...

John
 
If NAFTA didn't kill our USA companies, FTAA will!

Something to read when you get a chance!

Every company wants to make a profit and doing it over seas is cheap but who really wins in the long run?
Not us because its disposable and American job are being tossed away at the same time........

We all lose because we lost our jobs for cheap labor and goods that are sold to us is made in sweat shops and the products only last for a short period of time because of the off shore trading and American pride was not included in building the materials.

Something to think about!

http://www.stoptheftaa.org/ftaa/nafta.html?OVRAW=nafta&OVKEY=nafta&OVMTC=standard
 
Powerless to foreign influence

Well guys, I'm a right wing conservative capitalist and this stuff just makes me sick! First of all, I am soooooooo tired of everything being made in China! It is almost impossible to find anything that doesn't have the familiar "made in China" sticker on it. Our imports are far exceeding our exports, which isn't exactly helping our economy.

I believe that the purchases of American corporations by foreign interests is a serious threat to the United States and it's economy. Not only are we dependent on foreign oil, we are fast becoming dependent on foreign manufacturers to make and even service our consumer goods. IMHO there will be no physical war with China. They will implode us (economically) from the inside out; it's already begun.
 
I hate offshoring just as much as the next person, but us, as American consumers are partially to blame for it. Whenever a consumer goes into a store, and sees ABC's product sitting beside XYZ's product, the price is looked at next, and more often than not, the product with the cheaper price tag is the one the consumer leaves with. People unfortunatley do not shop for quality, they shop price. Manufacturers then need to cut their price, and that means cutting their bottom line by building their products in overseas sweat-shops.

Another factor in offshoring is the stock market. Modern Stockholds really don't have an interest in the long-term longevity of a company, or the reputation of the product or service that company produces. All they care about is that their little piece of paper is making them money, and they will get rid of it if it ever looses as much as a penny of it's value! Companies will do anything to keep their stock prices up, even literally cannibalizing themselves! If a company can make prophits, and thus stock prices higher by moving a factory overseas. It's a sad thing, but I think most U.S.A. owned companies are more interested in selling stock, than selling their product or service!!!
 
sickening

I can't believe that an upstart company like Haier, who comes out of nowhere is looking to purchase a company that has been around for over 100 years. How long has this Haier upstart been around?

Boy,if they get Maytag, they will be totally finished.

Disgusting.
 
Hi folks,
This is indeed a sad situation, it reminds me of IBM's PC division which was sold to the China based Lenovo. I know I will not be buying another IBM PC.
All the best.
Hugh.
 
GREED

Maytag over-reached to become one of the big-boys. It cost them tons of money to buy-out the smaller competitors, and get... a cooking and refrigeration line and now money woes.. IMAGINE? What a surprise....

*SIGH*
 
Greed

Hi Steve,
Yes indeed thats whats wrong woth the world today greed everywhere you look.
All the best.
Hugh.
 
Are they forgetting that companies' "side" purpose is to provide employement LOCALLY?

WAKE UP! See past your nose!

How does the saying go?

The only thing we learn from history is that people (societies/companies) are doomed to make the same mistakes we see in history.
 
The scary part is that if this happens, we could actually be importing our automatics from China...

By the time this Maytag fiasco is all said and done, those Norgetags will certainly become collectibles, IMHO!
 
Buy US made

Hi Steve,
I always try to buy US made or UK made goods, I know a lot of people who have lost thier jobs as a direct result of cheap foreign imports.
All the best.
Hugh.
 
A company's side business is to make products, not create employment. It's #1 business is to make money for itself and its shareholders, if it is a publicly held company. Employment is a consequence which just happens to benefit people working in the area of the company and its plants.

In my recent dealing with Maytag, they all unanamously cite the UAW as the number one cause for the downfall. Workers are making $100K for sitting and watching robatics make things. People who actually have to work in the plants by screwing cabinets together are making $60-$80 an hour. Maytag just cannot afford to pay that kind of wage for low skill labor. And those wages ARE rediculous! By that standard, I should be paying the people I employ to clean my laundromats well over $200 an hour! No way. The Union will be the first thing to go once the sale is finalized.
 
In my opinion------

Yes---but-----it would be easier to argue with the unions if the top echelon of the company were not drawing down millions and millions of dollars for sitting around and making some really bad decisions. OH, and don't forget those "golden parachute's"!

Like many American companies----particularly the airlines, there is plenty of blame to go around. I know I don't care too much for my taxes bailing out the likes of some of the severly mis-managed companies we have seen crumbling in our country lately.

As far as sending jobs overseas, all I can say is when I have a problem with a utility bill (or anything else) and I call to straighten it out, I'd much rather talk to a NICE, educated, well mannered, well spoken person in India, than someone (un-educated,shiftless, and without ANY manners or people skills) in our country dredged out of the ghetto with an attitude to match! THAT is what I have encountered the last few times I spoke with someone at Maytag's (so called) "Customer Service Department".
 
Also look for Maytag to change corporate headquarters to a major city. You can't attract top executives to work in a po-dunk town in the middle of a corn field. Newton, IA is about to become a ghost town.
 
Well, hopefully they will still have the dairy. Their cheese is excellent!

Somehow I get the feeling that no matter who buys them out----the BIG plan will be to "part-out" the company, not re-build it. Pity.
 
Poor Maytag

sounds like the same fate for Maytag like what happened to the Royal Appliance company.They make those SUPER all metal upright and tank type vacuums.They also make the "dirt Devil" line of vacuums.Now Royal was bought out by a Malaysian outfit called "Tech-Com"--They closed down the Royal Cleveland Ohio headquarters and moved it all to Malaysia.I have an upright made there-its very good quality.Just as good as the US ones-I would love to see a US person or company buy then up from Tech-Com and move the operation back to the US.Guess its just a wish at this point.The canisters they make now(Royal discontinued those Great ALL METAL "Torpedos")The canister they market now is designed more for Oreintal hoimes than American ones-the machine would be better for detailing your car or electronic gear than your home with the miniature attachments.
I think US companies SHOULD worry about making jobs here--if not no one in the US will have a job or the income to buy the overpriced non-USA made goods.It used to be if you worked in an American based company here-you could get enough pay from the company -you could afford to buy the product you wre building.Do you think the workers in Malaysia,China,etc are getting paid enough to afford to buy the things they are building??And since they are NOT building it for themselves-do they care about the products quality?
Acually if I were an executive-would LOVE to go the Newton Iowa-With the big pay you could live like a KING in such a town-the living costs there would be lower than that of the less desirable big cities-not to mention that you would less likely to be "mugged" by muggers for your hard earned cash!!
 
outsourcing jobs

Who is going to be left that will be able to buy anything when we are all working part time for the likes of WalMart or a convenience store for minimum wage? Not many.....
The whole idea of stock holders and owners being made wealthy while the workers suffer is ridiculous....
 
Maytag from bad to worse

Hi everyone, I hope everyone is okay,
I regret to advise all of you that this situation here in Australia is just as bad or possibly worse, like you good folk we find it nearly impossible to buy anything here which does not come from China or somewhere in Asia.
I remember when Hoover,Kelvinator,Simpson,Westinghouse,Malleys,
and one or two others were all seperate companies here in Oz and if memory serves me correctly these brands were slowly taken over by Email(which made Westinghouse by the way),and so in the end they owned the lot, then a few years ago they sold out to Electrolux and so basically the entire Oz whitegoods industry is owned by 1 company, (so much for competition laws).
I believE (and anyone please correct me if I am wrong),but I read somewhere that Electrolux plan over the next few years to
gradually phase out the Hoover and Kelvinator brands and just have 3 brands Simpson,Westinghouse and their own Electrolux brand.
I do not work in marketing as such but I have worked in retail all my life and this is crazy as Hoover and Kelvinator are Oz icons.I do admit that these appliances are made here locally but they are just not Australian owned anymore and there is now no Australian owned whitegoods manufacturer,pretty sad really.
Oh well at least I was able to help some of our U.S.A. friends out last year when I replaced our refrigerator I paid top money and purchased a beautiful G.E. Side-By-Side fridge and I
really love it and it workd like a charm.
I wonder if G.E. would ever consider operating here in Oz?, perhaps some of you guys might know.
I hope you do not lose Maytag as I know when you lose an icon brand you tend to feel a bit lost.
Cheers to everybody.
P.S.Steve Sacto Teddy Bear;thank you for the e-mail and I hope you received mine in reply.
 
I doubt very much that GE would ever consider manufacturing and marketing white goods in Oz. I can't see them sticking to the business in N.America much longer either. GE's main business strengths are heavy industry, like power plant generators, locomotives and industrial lighting, not to forget GE Finance and Leasing,(they probably make the most from that line of business)
 
I find it so hard to believe that the USA which imports tons of cheap labor, (and with it scores and scores of social ills, social and monetary costs and disruptions to mainstream society like crime and gangs and welfare cases etc.)... can't find people (home-grown or transplanted) to work at wages commensurate with skills and education levels.

..and if the unions don't see what they are causing in the long-run by the wages they are ridculously demanding, it is truly sad.

Remember the days when unskilled labor was paid for unskilled labor? Moderately skilled labor was paid accordingly, skilled labor was paid in accordance to that level, professionals were well paid, etc.

I have some friends who never attended college, never fielded two jobs simultaneously never pushed themselves to grow and progress. And they can't understand why they are not well paid and securely employed. Take the easy way way out when young, suffer when old. Today college is mandatory IMHO- it is just a sign of discipline and focus.

and on a larger than the indiviual person scale..

We as humans, in theory have the abilty to look backwards and forwards in time and unlike animals do not have to live in the forever-present current moment. Why then, does the human race refuse to look ahead three or four steps and see the consequences of its actions?

Maybe a huge defect of this world is that eating and economics (both necessaryfor survival)are both part of the food-chain. One must stomp on those below themselves to survive. G-d I wish that were not true.

I apologize for rambling and hope, at this late hour, that this makes some sence and is realted to the issues at hand.

Best regards,
Steve
 
College

"I have some friends who never attended college, never fielded two jobs simultaneously never pushed themselves to grow and progress. And they can't understand why they are not well paid and securely employed. Take the easy way way out when young, suffer when old. Today college is mandatory IMHO- it is just a sign of discipline and focus."

Problem is, at the time, I would've LIKED to go to college, but it was financially impossible for me. Plus, at the time (1971), a college degree didn't mean an "automatic" job as it did in previous years. So I ended up with the "double whammy"
 
Not everyone is college material. Many folks like to work with their god given hands to get a job done. All we will be is a nation that provides services. As is already happening.

Not everone wants to sit in an office from 9 to 5 pushing pencils or answering telephones. I am a laborer and i for one do not complain about the wage i make. Granted it took many years to start seeing the payoff.

Nobody wants to be left behind. He who has the most toys still dies!
 
Sorry kids I did not mean to offend or dis anyone.
It took me 13 years to get 4 year degree (the first one)

5 years full-time, and a course here and there to finally wrap it up. I HATED SCHOOL. Changing schools and then changing majors cost me a semester each!

I should have pointed out that my friend is quite lazy in general, and negative to boot, and expects a top-shelf cushy job without the credentials or the experience. Sorry it came out the wrong way!

It's never too late. I am over 40 and am in undergrad school 95% finished with a second degree. It's such a treat at this point to walk into a classroom and be the professor's age. For my sheer drive and nerve at doing it now , I think they pass me if I raise my hand once and show up now and then! LOL

Never say "never"

And the kicker is? I was an accountant for 20 years with a degree in Finance and Investments. (accounting self-taught). Now that I am now out of that industry. I want that little piece of toilet paper suitable for framing.
 
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