AM I NEXT? NO LOVE AT DISCOVERY COMMUNICATIONS (05/17/21)

MAY 17, 2021 — AT&T ANNOUNCES MAJOR REALIGNMENT. EMPLOYEES BEWARE!

The company is proposing to combine WarnerMedia (HBO, CNN, Warner Bros. movie studio) with Discovery, the cable TV programmer that owns the Food Network and HGTV in a $43 billion dollar deal. Discovery President and CEO David Zaslav will lead the new, combined company and employees will drop like flies when the duplicative functions are eliminated and synergies explored.

SEPTEMBER 11, 2018 — Original post…

Discovery Communications, the home of  Discovery Channel, Animal Planet, and TLC is leaving its global headquarters in Silver Spring, Maryland to move to New York City, New York. As a result of the sale and eventual closure of its “One Discovery Place” headquarters building, it is anticipated that 212 employees will lose their jobs. 

According to the standard corporate-speak statement by Discovery’s President and CEO, David Zaslav...

The media industry is rapidly evolving, increasingly global, more consumer-focused, and more multi-platform and Discovery must evolve with it. The decision to move our global headquarters from its founding home is one we do not make lightly. 

“To take advantage of the proximity to business, investment and production partners in New York, the company will bring together all current Discovery and, pending closing of the transaction, Scripps employees currently located across several different facilities in New York in a new Global Headquarters.  Planning for the space and location in New York is underway with an anticipated move to a new building by the second half of 2019.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
 

AM I NEXT? NO LOVE AT STACK-ON PRODUCTS

Wauconda, Illinois-based Stack-On Products, a manufacturer of security cabinets, gun safes, fireproof and waterproof safes, and other storage and organization products, has announced that they will close their two domestic operations and move to Juarez, Mexico and layoff 153 people in the process.

The driving force behind this decision is said to be the Trump Administration’s tariff on Chinese steel.

The company now operated two foreign plants, one in Mexico and one in China. The company’s major customers are the mass retailers and big box stores. According to a company spokesperson, “The operation is really not profitable here.” 

Founded in 1972, Stack-On was acquired last year by Las Vegas-based Canon Safe and New York private-equity firm MidOcean Partners and operates as a division of Las Vegas, Nevada-based Alpha Guardian 

Are you wondering, Am I Next?

AM I NEXT? NO LOVE AT J.M. SMUCKER (02/24/21)

FEBRUARY 24, 2021 — LAYOFFS AHEAD

The company has announced a restructuring and a reduction in force across the company’s North American workforce.

Although the company refused to provide a specific number of layoffs, a company spokesperson noted, “The adjustments to our structure, unfortunately, will result in North American employees leaving our Company. Since conversations are ongoing with employees, we will not be sharing any more details. Decisions that negatively impact any of our employees are always difficult to make and are only made after careful consideration.”

The company is restructuring and reshaping its brands and will concentrate on coffee, pet food, jams, jellies, and peanut butter.

The company noted that it had sold its dog and cat food brand Natural Balance for about $50 million to Los Angeles, California-based private equity firm Nexus Capital Management LP. The company also divested its Crisco shortening and oils business for $550 million to Parsippany, New Jersey-based B&G Foods Inc. in 2020.

AUGUST 6, 2018 — Original Post

Orrville, Ohio-based J.M.Smucker Company, the 120- year-old iconic jam-maker, announced that it will be consolidating its pet food operations in Smucker’s Orrville headquarters.

The restructuring will result in 100+ layoffs and the closure of an office in San Francisco, California, and an office in Burbank (Natural Balance Pet Foods) that was acquired from San Francisco-based Big Heart Pet Brands as part of a $5.8 billion deal.

Two Pennsylvania offices acquired from Meadville, Pennsylvania-based Ainsworth Pet Nutrition ($1.7 billion) will result in another 131 employees losing their jobs; 77 in Meadville, Pennsylvania, and 54 in Sewickley, Pennsylvania.

The company acquired Big Heart Pet Brands (Milk-Bone, Meow Mix, Kibbles ‘n Bits, etc.) and Ainsworth Pet Nutrition (Rachael Ray Nutrish). For those who know Smuckers primarily for their jams, they also have manufacturing and distribution deals covering such iconic brands as Folgers, Dunkin' Donuts, Café Bustelo coffees; Jif peanut butter; Crisco, Pillsbury, and Hungry Jack foods. 

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?