iamwhatiseem
Diamond Member
This morning I learned a vendor I have known since the mid 90s is closing his business. He opened the plant in 1978.
Survived many economic downs, survived 2009 - 2012... but could not survive the material shortages and inability to hire staff.
He use to have 36 employees. Now 12, needs 20. But the inability to get plastic coil was the last straw.
This afternoon I learned the local GM Plant is laying off 20% of the workers next spring. Another 20% by the end of 2022. With the plant closing it's doors for good by 2024. This plant use to employ 2200 full time employees.
This afternoon I was talking to the largest envelope supplier in the U.S. - they are 17,000,000 behind orders. Cannot get the paper to convert to envelopes as European mills are no longer shipping to the U.S. due to enormous increases in shipment cost and shipping delays. Chinese paper, not a chance. And so many U.S. mills shuttered years ago, unable to compete with government owned/subsidized Chinese paper - they can't get paper.
The domino layoffs are coming. The domino business closures are coming.
Survived many economic downs, survived 2009 - 2012... but could not survive the material shortages and inability to hire staff.
He use to have 36 employees. Now 12, needs 20. But the inability to get plastic coil was the last straw.
This afternoon I learned the local GM Plant is laying off 20% of the workers next spring. Another 20% by the end of 2022. With the plant closing it's doors for good by 2024. This plant use to employ 2200 full time employees.
This afternoon I was talking to the largest envelope supplier in the U.S. - they are 17,000,000 behind orders. Cannot get the paper to convert to envelopes as European mills are no longer shipping to the U.S. due to enormous increases in shipment cost and shipping delays. Chinese paper, not a chance. And so many U.S. mills shuttered years ago, unable to compete with government owned/subsidized Chinese paper - they can't get paper.
The domino layoffs are coming. The domino business closures are coming.