translates to me as HJ is sending a message to his creditors. I don't think it matters that the savings are a drop in the bucket.
He's also sending a very different message to his employees, particularly those in the Custom Shop...
walrus
translates to me as HJ is sending a message to his creditors. I don't think it matters that the savings are a drop in the bucket.
He's also sending a very different message to his employees, particularly those in the Custom Shop...
walrus
I still think the Yamaha buying Gibson is a great idea.
"Gibson CEO Henry Juszkiewicz said the staff reductions are “part of broad initiative throughout the company to prepare for our refinancing,” which calls for Gibson to retire $375 million in five-year senior secured notes before July 23. If the company cannot hit that deadline, at least $145 million in loans also will come due."
if they dump the elctronics biz, does that help at all?
Have you, by any chance, ever worked for a large company that is publicly held or has outside investors? Employees don't mean squat. It is rare that any decisions are made on the basis of what the employees might think is best for them or what anyone else might think is best for the employees. So there is nothing new or unexpected in the message "you're expendable and we don't care".
interesting, Rainbow Guitars here in Tucson, the main guitar shop here that sells nearly the entire Gibson acoustic and electric product line...
Have you, by any chance, ever worked for a large company that is publicly held or has outside investors? Employees don't mean squat. It is rare that any decisions are made on the basis of what the employees might think is best for them or what anyone else might think is best for the employees. So there is nothing new or unexpected in the message "you're expendable and we don't care".
I'd like to see Heritage buy the Gibson name and bring it back to Kalamazoo.
His comments do make me wonder whether there are Guild purists and, if so, are they a drag on the market and innovation?
(Rhetorical question or veer? You decide.)
In my case it has nothing to do with being a "purist" (in nature "pure" == "inbred") but rather that there are lotsa fine old guitars out there that I prefer over anything new. I find the notion that I should buy a new anything because of brand allegiance to be ridiculous. To start with…I have no brand allegiance.
-Dave-
Applying Henry Js logic to Guild; then, yes, there may be an issue about Guild purists (like me) not buying new production. But, it’s the consumer who decides what to buy, and if you’re going to put out inferior product (not necessarily Guild, but there have been issues), or change the specs to something that I don’t want (yes, I’m talking to you, Cordoba!), then, no, I’m NOT going to be buying any new production Guilds any time soon.His comments do make me wonder whether there are Guild purists and, if so, are they a drag on the market and innovation?
(Rhetorical question or veer? You decide.)