Twinsburg Rumors
to young to retire

Stow, OH

#1 Mar 8, 2010
I heard today Chrysler's buying Twinsburg back.If this is true look for big lawsuits
guess who

Saint Paul, MN

#2 Mar 8, 2010
What are the lawsuits for? It has been planned to be bought back by Fiat, to be used in the CNH business.

Since: Jan 10

Windham, Ohio

#3 Mar 8, 2010
And everyone who transfered or took buyout volunteered. No one held a gun to their head. Also I'm sure Corp lawyers have already studied this for any possible lawsuits.
TEAM MEMBER

Tyler, TX

#4 Mar 8, 2010
to young to retire wrote:
I heard today Chrysler's buying Twinsburg back.If this is true look for big lawsuits
Twinsburg is taking bids to be auction off on 3/11/10. Motions were pass last month on the Bankruptcy website.
Twinsburger with cheese

Erie, PA

#5 Mar 8, 2010
TEAM MEMBER wrote:
<quoted text>Twinsburg is taking bids to be auction off on 3/11/10. Motions were pass last month on the Bankruptcy website.
Twinsburg is not "taking Bids".

The Plant is being bid ON in bankrptcy court. The Auction is on 3-10-2010 at 10am. Judge Gonzales will preside and then decide on 3-11-2010.

Only 2 bids. One is known, the other is unkknown.
Twinsburger with cheese

Erie, PA

#6 Mar 8, 2010
Tspweemer wrote:
And everyone who transfered or took buyout volunteered. No one held a gun to their head. Also I'm sure Corp lawyers have already studied this for any possible lawsuits.
Voluntary????

People were FORCED to make life changing decisions based upon Chrysler ACTIONS and STATEMENTS with clear deadlines!!.

Did they LIE??
Did they ACT in GOOD FAITH??
Did Chrysler knowingly DECIEVE??

Civil Court and Depositions can find out.

MOTIVE:
To rid themselves of NewCar Co. employees (making $27Hr.+)

Buy back bad assets of OldCar Co.
New hires at $14Hr.
guess who

Hume, MO

#7 Mar 8, 2010
Twinsburger with cheese wrote:
<quoted text>
Voluntary????
People were FORCED to make life changing decisions based upon Chrysler ACTIONS and STATEMENTS with clear deadlines!!.
Did they LIE??
Did they ACT in GOOD FAITH??
Did Chrysler knowingly DECIEVE??
Civil Court and Depositions can find out.
MOTIVE:
To rid themselves of NewCar Co. employees (making $27Hr.+)
Buy back bad assets of OldCar Co.
New hires at $14Hr.
Your forced to make life changing decisions daily. To go to work, to not go to work, to stick your finger in the machine, to not stick your finger in the machine. I would like to see the attorney that would agree to take on your case, on a commission basis.
SST

Akron, OH

#8 Mar 8, 2010
If TSP is bought back, the company is covered when in the contract stated that TSP will remain open being a 2 tier plant even though they made everyone think it is closing with no interest of keeping it open. You can thank the international union for playing a big part in all of this to their members. shap workers was lucky their plant was bought back before they were scared out of their jobs too.
to young to retire

Stow, OH

#9 Mar 9, 2010
guess who wrote:
<quoted text>
Your forced to make life changing decisions daily. To go to work, to not go to work, to stick your finger in the machine, to not stick your finger in the machine. I would like to see the attorney that would agree to take on your case, on a commission basis.
You realy had to make a decision on sticking your finger in a machine?WOW
As far as lawyers,they will be lined up looking for ex workers
Twinsburger with cheese

Erie, PA

#10 Mar 9, 2010
guess who wrote:
<quoted text>
Your forced to make life changing decisions daily. To go to work, to not go to work, to stick your finger in the machine, to not stick your finger in the machine. I would like to see the attorney that would agree to take on your case, on a commission basis.
You make an absurd argument.

You are not a very deep thinker.

I wish YOU were a Chrysler lawyer because you can't defend YOUR argument.
guess who

Saint Paul, MN

#11 Mar 9, 2010
to young to retire wrote:
<quoted text>
You realy had to make a decision on sticking your finger in a machine?WOW
As far as lawyers,they will be lined up looking for ex workers
The point is folks make life changing decisions daily. They just don't want to deal with the consequences. I mean no one forced you to quit, no one said you had to move. You won't find a good attorney to take it on commision based. I am sure you will find attorneys that will take the case paying by the hour.
I mean they were in bankruptcy, they were gonna sell the plant. They changed their mind guess you shouldn't have taken the buyout. Maybe you should have been terminated, because yes you don't get the lump sum, you still can have the union get your job back. LMAO looks like sum of us aren't as stupid as you like to think.
Twinsburger with cheese

Erie, PA

#12 Mar 9, 2010
guess who wrote:
<quoted text>
The point is folks make life changing decisions daily. They just don't want to deal with the consequences. I mean no one forced you to quit, no one said you had to move. You won't find a good attorney to take it on commision based. I am sure you will find attorneys that will take the case paying by the hour.
I mean they were in bankruptcy, they were gonna sell the plant. They changed their mind guess you shouldn't have taken the buyout. Maybe you should have been terminated, because yes you don't get the lump sum, you still can have the union get your job back. LMAO looks like sum of us aren't as stupid as you like to think.
Do you understand TEXT and CONTEXT of what others post on here?
guess who

Saint Paul, MN

#13 Mar 9, 2010
Twinsburger with cheese wrote:
<quoted text>
Do you understand TEXT and CONTEXT of what others post on here?
Yep, folks made some decisions and now the conditions have changed and they want to change their minds. Such is life, maybe chrysler could let them pay $250K and they could come back to work.
What happens in 1 year from now if the places gets sold, then you will have folks complaining about it. This is business, things change daily. Lets see list of attorneys that would take this case on a commission.

Since: Jan 10

Windham, Ohio

#14 Mar 9, 2010
Lied to and advised with dates? How about our union? We saw 3 out of 4 top officers bail, 2 out of 5 committeemen and half our stewards. I personally talked a friend out of it only to have his steward (who was bailing) tell him there was nothing for him here. If he would have just hung tight he would have had his ten years now. Good job.
GambitDCX

Lorain, OH

#15 Mar 9, 2010
Bottom line is that the people who left for Detroit "volunteered". It was on the form at the top of the page for everyone to sign. It doesn't matter if Chrysler lied or not, they got hundreds of people from Twinsburg to put their John Hancock on that document. Their fate is sealed in the Detroit Labor Market.

As far as the stragglers left at TSP, who knows what will happen to them.(buyout, transfer closed plant status, retirement, indefinite layoff, etc..)
TSP - Hope

Kent, OH

#16 Mar 10, 2010
Updated at 5:58 p.m.
TWINSBURG, Ohio -- Canadian industrial auction firm and liquidator Maynards Industries Ltd. was the high bidder for Chrysler's Twinsburg Stamping Plant, offering $45.5 million for the property and equipment.
In a filing today in U.S. Bankruptcy Court in New York, Chrysler's attonerys said Maynards' bid topped a $45 million offer from Park Corp., the Cleveland company that agreed to set the starting auction price of $27.5 million last month.
Park Corp. Chairman Ray Park said, "We bid $45 million, someone else bid $45.5 million."
About Maynards Industries Ltd.
A liquidation, auction and appraisal company with corporate offices in Vancouver, B.C., and divisions in Canada, Germany, Japan and the United States. The company has annual sales of more than $70 million.
Maynards sometimes buys assets such as real estate and equipment. The company also provides appraisal, liquidation and auction services in exchange for a commission. Maynards has a history of selling North American manufacturing facilities and excess equipment for General Motors Corp.
The company will hold an auction next week to sell stamping presses and other equipment from Checker Motors Corp., a bankrupt GM supplier in Kalamazoo, Mich. Other upcoming Maynards auctions involve equipment from B&C Machining, a Barberton company that closed last year, and a Canadian facility owned by Aleris International Inc., a producer of rolled-aluminum products based in Beachwood.
Maynards is marketing liquidations of GM facilities in Europe and the United States, including sales of equipment from the automaker's Moraine assembly plant near Dayton, which closed in late 2008. The company also is selling Ford equipment in Romania and large dinosaur fossils in Vancouver.
-- Michelle Jarboe
Representatives of Jones Day, attorneys for the bankrupt portion of Chrysler, declined to comment on how many parties were involved in the auction.
Park doesn't walk away empty-handed. The Cleveland investment company will receive a $600,000 breakup fee.
Last month, Chrysler said it would auction the 2-million-square-foot Twinsburg plant after receiving Park's $27.5 million bid. By effectively offering the opening bid, Park was allowed several bonuses, such as the right to the breakup fee and the requirement that other bidders top his initial offer by at least $750,000.
Chrysler will present Maynards' bid to the court overseeing the company's bankruptcy on Thursday. The proceeds from the sale will got to pay off Chrysler's creditors.
Local real estate brokers expressed surprise at the $45.5 million pricetag and said the buyer must be motivated by more than the land and the building.
"I know that the equipment is extremely valuable and probably has an international market of buyers," said Terry Coyne, a senior vice president with the Grubb & Ellis brokerage in Cleveland. "I would say the equipment is worth more than the real estate."
Joseph Martanovic, senior vice president of industrial services for the Colliers Ostendorf-Morris brokerage in Cleveland, agreed, saying, "Something astounding must be going on from the standpoint of who's going to buy it and what their utilization for the machinery might be."
Twinsburg Mayor Katherine Procop said the city had not yet heard who won the auction, but she was pleased with the price.
"I'm just happy to see that the plant sold for way above the $27. 5 million that was originally bid," Procop said. "The equipment is a notable asset and hopefully manufacturing will continue there."
goodbuy twinsburg

Avon Lake, OH

#17 Mar 10, 2010
Ulf

Kernersville, NC

#18 Mar 11, 2010
Well there ya have it folks.....IT'S OVER!

No more fiery rhetoric or finger pointing, just another day in this business. Another relic plant of a bygone era is heading for the shredder.

Wal-Mart will open up a Super Center and hire back 400 people.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Chrysler Discussions

Title Updated Last By Comments
Bonus in October! 6 hr Crazy 16
chrysler hiring process FAQ for new applicants. (Jun '12) 6 hr Memoe 17,935
Only college educated shoud be allowed to post ... 9 hr Jenny Talwarts 5
Quit selling chicken during work 19 hr Dirtwhore 5
Marysville Axle Sep 17 Baby 2
News Chrysler Recalls 800,000 Jeep Liberty SUVs (Aug '06) Sep 17 Dunm0 759
Chrysler drug testing (Apr '12) Sep 17 That right 49
More from around the web