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Old 11-23-2022, 9:01pm   #1
Bill
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Default Casualties of War: Lane Furniture Mfg. Abruptly Ceases Production

Brandon's War on America is already producing casualties, like the 2,700 hard working Americans that JUST lost their jobs today.

When hyperinflation hits, durable goods like furniture are going to be almost immediately impacted, as people make due with the old shit, because they can't afford new, or are afraid to spend for fear of job loss themselves.

https://theconservativetreehouse.com...-text-message/

Quote:
Horrible News – United Furniture (Lane Brand) Lays Off 2,700 Workers Immediately Via Text Message
November 23, 2022 | Sundance | 247 Comments

This is terrible news for many blue-collar families in Mississippi and North Carolina. Last night, United Furniture, makers of Lane brand, fired all of their manufacturing employees and transportation workers effective immediately.

Fortunately, other manufacturers are quickly messaging the displaced workers with job offers {link}, but the overall message from the collapsed company is alarming.

Read the email letter from today that accompanied the late-night notification:

(Via Furniture Today) – “At the instruction of the Board of Directors of United Furniture Industries, Inc., and all subsidiaries (the “Company”), we regret to inform you that due to unforeseen business circumstances the Company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on November 21, 2022, with the exception of over-the-road drivers that are out on delivery. Your layoff from the Company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA.

Over-the-road drivers that are out on delivery will be paid for the balance of the week. Whether or not you have completed your delivery, please immediately return equipment, inventory, and delivery documents for those deliveries that have been completed to one of the following locations: Winston-Salem, N.C., Verona, Miss., or Victorville, Calif. location. To be clear, do not complete any additional deliveries.

We regret that this difficult and unexpected situation has made this necessary. Additional information will be provided shortly.

Thank you for your service and dedication.
UFI/Lane Corporate Communications” (link)

A few quick points.

First, everyone who is not pretending is well aware the U.S. durable good economy is in a severe state of contraction. This manufacturing announcement is deeply troubling and sad, but unfortunately not unexpected – all things considered.

Second, while understanding that an unexpected loss in operational funding is usually what leads to these “immediate” types of total operational collapse, most often the result of a lender backing away from a desperately needed continuation loan, the callousness of the job loss communication reflects disconnected corporate management.

Third, while the economic framework would preclude it happening on his watch, United Furniture Industries is damn lucky President Donald Trump is not in office right now or there would likely be an eviscerating response to this announcement.

I have never met President Trump, but I have watched closely enough to accept that we are tuned to the same business frequency. This is not the way an American company, or any company for that matter, should conduct itself during crisis.

My prayers are for those families who woke up this morning with the financial rug pulled out from under them.
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