Baldor Sale to Have Big Impact on River Valley

Full story: 5News KFSM 10
It's the biggest business news for the greater Fort Smith region since Beverly Enterprises was sold nearly five years ago. Read more
grumpy

Baird, TX

#1 Nov 30, 2010
its a sad day for fortsmith another american company brought out by forgeners. we are losing control of our own country people wake up to what happening to our jobs. franklin electric whirlpool and others in arkansas.john taylor is wrong.we will all be under forgen control soon. apac was brought out by a company oversees and they have laid off more than half of work force nation wide.people are now more dependant on the goverment and thats what they want.wake up now
Stacy

Little Rock, AR

#2 Nov 30, 2010
Hmmmmm US Motors last month sold to a Japan Company, now Baldor sells to Zurich! Why are they all eager to sell out?
Jetfire

Jacksonville, AR

#3 Nov 30, 2010
Welcome to the New World Order river valley folks! I suggest everyone wake up and see that this is just part of a bigger problem. How can you have a GDP if our manufacturing base evaporates? I have argued with too many "econ experts" about this. Service industry is not a GDP replacement but that is where this socialist country is headed.

Our country has been sold out and is owned by the European Bankers! I bet most of you think the Federal Reserve is a 'Government Institution"....its about as federal as Federal Express. But Hey, we have monday night football and cold beer, so go back to sleep.
Xenophobe

Springdale, AR

#4 Nov 30, 2010
We already have Japanese (Mitsubishi), French (Hiram Walker, Saint-Gobain), Swiss (Nestle), Belgian (Bekaert), etc. companies as major employers in the Fort Smith area. Foreign ownership in of itself isn't the issue. Is American ownership supposed to mean more job security? Ask the folks at Whirlpool. It is a global marketplace, just as major American companies have holdings and factories all over the world as well.
James Gowin

Springdale, AR

#5 Nov 30, 2010
tell that to the people who have tried to get even entry level jobs at all those companies for the past 2+ years, yeah i have been out of work for that long not for a lack of trying either, i would take a janitorial job right now if someone offered. maybe this buy out will create more jobs, who knows, all i know is the job market period in fort smith sucks right now!!!!!!!
steelman

Spiro, OK

#7 Nov 30, 2010
Dont forget Trane Sold out over seas Macsteel sold out over seas. Trane has laid off most employees. Small cities like Fort Smith has been bought by over seas money. Its easy to pay cash when you have Global Market. Pretty soon it will be big brother, and we will all be workin for forein countries.
Mad at Baldor

Van Buren, AR

#8 Nov 30, 2010
I am working at ABB-Baldor. Think about it people, y would they take what we do here in Fort Smith back to Swiss. All they plan on doing is figuring out how we do it here, than take it back to Swiss and make the motors there for a cheaper price. Everyone at "Baldor" thought that nothing would ever go wrong I mean come on its "Baldor", no layoffs, no Union, but now they sold out! On the motors it says "Made in the USA". Not anymore! Just give it a year or two they will be made somewhere else. Just like Whirlpool and Trane, its slowly going to be takin away.
Woodrow

Marion, NC

#9 Jul 1, 2013
Stacy wrote:
Hmmmmm US Motors last month sold to a Japan Company, now Baldor sells to Zurich! Why are they all eager to sell out?
McFarland sold out so he could get a nice increase on that mountain of stock he was holding and then ride off in the sunset. He had all of these people fooled into thinking that he cared about the company and its' workers. Guess you know now, huh?
Goodbye Baldor

United States

#10 Oct 17, 2013
As a distributor that sells Baldor motors and drives I can tell you the end users hates them. These motors are crap, and thanks to idiots that work at distribution centers I have sold and represented the last one. Sad sad direction this company is taking.
Ghost town Detroit

Miami, FL

#11 Oct 17, 2013
It looks like fort smith is losing more jobs and really needs some new people in city leadership.

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