Neaton Auto looking to second buyout?

Neaton Auto looking to second buyout?

Well, according to the Neaton rumor mill (which we all know is 100% fact-based), Neaton may be offering another buyout option come November or December 2009. Could it be true?

I think yes. Lets see..back this summer they (Neaton) hired back in many temporary employees who had all been let go back in December of 2008. Production was up, orders coming in higher than ever, and some departments even working Fridays again (woo hoo!). Even those that weren't offered Friday hours have been lucky enough to get in a full 40-hour week from Mon-Thurs.

Then...yet another halt. Temps are once again being let go. Just last Friday a couple members of upper management were "let go" and word is the the fat-trimming isn't over yet.

Friday overtime is being scaled back considerably again. Did Neaton get ahead of themselves this summer? Did the temps get called back maybe a little prematurely?

I feel bad for the temps but then again, a temp is just that....TEMPORARY. What of the buyout rumors? What does this mean for the future of Neaton? The way I see it is this...any way to get rid of the higher paid asscociates for the long term will benefit Neaton as far as bottom line is concerned.

I see some benefits of the buyout for those who are considering it. I also see a BIG disadvantage...NO INSURANCE. If that doesn't scare the tar out of people, I dont know what does. So I guess time will tell. Lets hope Neaton can find some stable ground, and all the good folks putting in a hard days work there can continue to get a 40 hour work week, and feel good about the company they work for!

**Just a quick disclaimer to CMA...I am NOT a Neaton employee nor ever have been. This is my blog, and MY OPINION only.**