Saturday, July 28, 2012

How Long Before They Turn Off The Lights?

Twenty years ago, one machine at this mill made $225 million in a year. Today, four of the mill's machines are making less than $36 million. Now, they have shut down one of those machines and laid off 33 workers .  Their announcement said the reason was "market conditions" - which is true. A market that is gone and never coming back. Management can make decisions like Kimberly Clark did 95 years ago to stay in business, or they can slowly manage themselves out of business. Looks like they are on track for the latter.

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