Emerson lets go over 300 in transportation division
In what it termed a “restructuring of its supply-chain operations,” Ferguson-based Emerson Electric last week informed 330 employees in its transportation division that they will be out of a job by year’s end.
The announcement went out Friday to truckers and office personnel in Emerson’s national network of 29 terminals. Of those, 80 work at the company’s transportation hub in Bridgeton.
Emerson will turn its freight business over to Schneider National once the changes are complete. Schneider’s trucking business is headquartered in Green Bay.
Update: Schneider spokeswoman Janet Bonkowski said the company is in the process of evaluating the Emerson drivers affected by the re-structuring. Without providing specifics, Bonkowski said the trucking firm ultimately expects to offer jobs to “many” of the displaced Emerson employees.
“This difficult decision is no reflection on Emerson Transportation employees, who have performed well over the years,” the company said in a statement. “Rather, these changes are necessary due to the changing economics of the freight business.”
(2 votes, average: 4.5 out of 5)
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Cut cost, sub contract to a low paying company, some of the people have been there for more than 30 years, Thanks alot for all your years of service now go somewhere else.
Interesting comment. The company doesn’t want to harm the reputation of the people who put in 30 years of hard work. The company just wants to put them out of a job. Nice.
This is the same company that has closed union plants and sent them south to “save money”. Now the transportation business is going away too…
Oh, and they were War Profiteers too…
Once again the workers get shafted and I’ll bet the CEO gets a raise. When is it going to stop???
Blame The banks and speculators who raped america last year.
The housing market bubble broke, those people jumped into commodites which is barely regulated and ran oil to $147 and that killed the trucking companies when fule cost doubled, It hurt car drivers for sure but it killed many truckers and the goverment sat back while the speculators and wall street talking heads made up oil shortage lies. We are in a super glut of oil now and the speculators are trying for another run again.
Don’t belive me I don’t care but look at gas and desiel cost.
Gas was $4.00 when oil was $147 with oil at $79 gas should be about $2-2.20
and they are pushing $2.65
Lets bail out a few more fat cat bankers!!!!!!!!!!
Yup, that is exactly what happens when you let wall street dictate how much money it needs to rape from the american people to save its’ own hide. Kinda like what happened when junior and Cheney let Enron and Duke power fleece the western electrical energy consumer.
Schneider is a natural fit for Emerson. Schneider’s intermodal operations are highly efficient, modern, and will probably save Emerson millions while improving the bottom line. This is business, and while any job loss is painful, St. Louis should be applauding the firm’s efforts to streamline costs and offer a better value to shareholders.
I’m guessing the unemployed aren’t caring too much about shareholders right now.
Share holder value is one reason that so many of our American jobs have left the United States. Share holder value benefits so very few people, and they already have more than enough money.
I know what Hope and Change means:
Hope you can find a job after Pres. Obama is done with this economy and
Change the way we live because no one is going to have a job.
The President is too busy partying and golfing with lobbyists, bank executives and Wall Street cronies. President Obama is not paying any attention to the what Americans want: A job growing economy.