First Prev
of 2
Next Last
JFW

Lenoir, NC

#1 Aug 9, 2013
I have heard Furniture Brands is filing for bankruptcy. This would devastate our already weak economy. Any truth to this?
loveseli

Spruce Pine, NC

#2 Aug 9, 2013
Yes, it is true. They are unable to pay their vendors and stock price is so low the NYSE has threatened to remove them.
JFW

Lenoir, NC

#3 Aug 9, 2013
It is sad the CEO can get millions in bonuses this year but they refuse to pay vendors. Corporate greed at its best.
ohno

United States

#4 Aug 9, 2013
That's good for them the way they sent our jobs over seas to to save them a dollar and put thousands out of work here i worked for them 15 yrs and was told i wouldn't have a job so i hope they lose it all
TSF

Fayetteville, NC

#5 Aug 9, 2013
Maybe Caldwell Commissioners can give them another 2 million dollars EDC grant to cut more jobs like they did last time.
loveseli

Greenville, SC

#6 Aug 9, 2013
Someone i know is having to deal with the vendors and he's been put in quite a predicament. And the CEO did get a big fat bonus! While i believe in karma i hate it for the few people around here who still work for them.
Pike Bishop

Enfield, IL

#7 Aug 9, 2013
FB treated caldwell like dirt outsouring to China. How did that work uut for them????
how

Lenoir, NC

#8 Aug 9, 2013
How would it devastate our economy, they already did that. They employee what... 20 people in Caldwell now and pay tax on a small piece of the former Broyhill Complex.
John S

Hudson, NC

#9 Aug 9, 2013
Even though I can understand that the people of this area despise Furniture Brands International this isn't a good thing because there a lot of local companies that may be forced into bankruptcy because of this. The company that I work for has been doing about $65,000 of sales weekly with them for over 20 years. It's not just as simple as karma getting them. This will take down businesses that had nothing to do with any of the things that FB has done.
nice

Lenoir, NC

#10 Aug 9, 2013
TSF wrote:
Maybe Caldwell Commissioners can give them another 2 million dollars EDC grant to cut more jobs like they did last time.
Exactly, another unwise decision our commissioners made.. What about all the promised jobs at the dog food plant? A few but not many.. Or the money spent from our EDC to the company building trash containers? Yes they moved here but closed 3 locations in neighboring areas and brought most the employees with them, got free money but created no new jobs basically. Their employees mostly live in neighboring counties so they earn it here and spend it there. A trend which will continue to grow.
nice

Lenoir, NC

#11 Aug 9, 2013
loveseli wrote:
Someone i know is having to deal with the vendors and he's been put in quite a predicament. And the CEO did get a big fat bonus! While i believe in karma i hate it for the few people around here who still work for them.
Are they reorganizing debt or liquidating the entire co?? Are they expected to close what's left here?? I doubt kincaids is very far behind them going belly up, they have eliminated all but a handful of supervisors and very few workers left. They import all the products now from china and south America pre cut and basically ready to assemble just like when you buy a cheap desk or entertainment center at wal mart All that's done here is touch up rough spots, assemble and spray. They make nothing yet they can slap the good old made in USA sticker on it..
Brandi

Hudson, NC

#12 Aug 10, 2013
Solar energy is the future. Making solar products could produce what was once the furniture indstry.
TSF

Fayetteville, NC

#13 Aug 10, 2013
Unwise decisions on top of unwise decisions, for years, brings us to the present. Our poor unsophisticated commissioners have been worked like play dough. In playing the "suck up" game they were taught by the furniture barons , they give away the county , its assets and betray the people they represent (mostly unwittingly but sometimes not so unwittingly). I remember overhearing years ago a furniture family's discussion about one of the company executives and his zealous "sucking up" . The old patriarch laughed and said that the executive thought he would "get something" but all he was going to get was "an arrow up the ass". The contemptuous joke applied to all their employees and the county in general. Its time to start representing ALL the citizens of this county instead of just worshipping those with money.
nice wrote:
<quoted text>
Exactly, another unwise decision our commissioners made.. What about all the promised jobs at the dog food plant? A few but not many.. Or the money spent from our EDC to the company building trash containers? Yes they moved here but closed 3 locations in neighboring areas and brought most the employees with them, got free money but created no new jobs basically. Their employees mostly live in neighboring counties so they earn it here and spend it there. A trend which will continue to grow.
CherokeeWarrior

Lexington, NC

#14 Aug 10, 2013
Brandi wrote:
Solar energy is the future. Making solar products could produce what was once the furniture indstry.
I said that 2 years ago but Lenoir/Caldwell county officials rather not hear this they enjoy having the upper hand
Brandi

Hudson, NC

#15 Aug 10, 2013
CherokeeWarrior wrote:
<quoted text>
I said that 2 years ago but Lenoir/Caldwell county officials rather not hear this they enjoy having the upper hand
OK, Cherokee Warrior, Let's get together on this and face the county officials by finding a private corporate entity who can bring this idea to this area. We have the space and the workers. We can write to the Chamber of Commerce enough to get them working on things. All the officials know are their own businesses, many of which they inherited from their own family. I know Commissioner Willis and Mayor Gibbons would listen, too. Gibbons has grown up with the electrical business, but to incorporate alternative energy into the business he already has would be a great feather in his cap. Their electrical business has scaled down, both by choice and by the economy, to doing smaller jobs and less workers. Willis and Gibbons are people who do respond to suggestions. Let's get this going.
Boo

Lenoir, NC

#16 Aug 10, 2013
Furniture industry in Caldwell Co. went the same way the car industry in Detroit went, overseas. Now it is time to "reset" and become more in line with reality and get both industries back into THIS country. Wonder what that will take? It will have to start with the CEO and go all the way down to the timeclock. Otherwise, it will never be cost effective.
say what?

Lenoir, NC

#17 Aug 10, 2013
Brandi wrote:
Solar energy is the future. Making solar products could produce what was once the furniture indstry.
Solar energy is basically a myth much like Bigfoot . A few people have seen but most people think it is possible. In reality it will never be mainstream or affordable enough for the typical household. It's not an issue of technology, it is the fact oil, gas and traditional energy providers will never allow it. Solar energy could have been functional decades ago if we so desired. Another fact, the largest patent holder of storage batteries for solar energy, a company which received 400 million in development grants was recently sold to... Guess who? China. Not only did they get out advanced technology they got taxpayers 400 million also. Yes you will see government funding solar projects, yes you will see more applications of solar such as the google solar projects in Catawba Co, but no, we will never see solar as a competitive or affordable solution to energy supply.
Boo

Lenoir, NC

#18 Aug 10, 2013
Brandi wrote:
<quoted text> OK, Cherokee Warrior, Let's get together on this and face the county officials by finding a private corporate entity who can bring this idea to this area. We have the space and the workers. We can write to the Chamber of Commerce enough to get them working on things. All the officials know are their own businesses, many of which they inherited from their own family. I know Commissioner Willis and Mayor Gibbons would listen, too. Gibbons has grown up with the electrical business, but to incorporate alternative energy into the business he already has would be a great feather in his cap. Their electrical business has scaled down, both by choice and by the economy, to doing smaller jobs and less workers. Willis and Gibbons are people who do respond to suggestions. Let's get this going.
That is a great idea! Put the officials under the gun so to speak and see if employment is in Caldwell Co.'s future. I know someone from Charlotte that calls Lenoir a "drive through town". People need a reason to stop and spend money and not for a hamburger.
Brandi

Hudson, NC

#19 Aug 11, 2013
Boo wrote:
<quoted text>That is a great idea! Put the officials under the gun so to speak and see if employment is in Caldwell Co.'s future. I know someone from Charlotte that calls Lenoir a "drive through town". People need a reason to stop and spend money and not for a hamburger.
I wasn't saying put anyone under the gun, just enough of us citizens show up at a meeting to ask their opinion of how to get a solar manufacturing plant into one of these emply building that once was used for furniture manufacturing. I use passive solar in my home and wood heat for heating. Also, have outside solar lights, spotlights, etc. I'd like to use more solar and wind energy and tie into the grids to sell excess power to the power company. That would help me financially to get a check from the power company rather than to have to pay them. It is possible.
Brandi

Hudson, NC

#20 Aug 11, 2013
Boo wrote:
<quoted text>That is a great idea! Put the officials under the gun so to speak and see if employment is in Caldwell Co.'s future. I know someone from Charlotte that calls Lenoir a "drive through town". People need a reason to stop and spend money and not for a hamburger.
Boo, I once had a visitor from New York who drove to Blowing Rock to visit me. He asked where Lenoir was after he got to BR. He said he saw a beautiful lighted 321 and thought that was leading into Lenoir. He said he never found Lenoir. I'm afraid that's a general opinion of out of towners. Of course, that was 30 years ago and we do have some stores and restaurants on 321 now, but general travelers never see the downtown of Lenoir.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

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.

Morganton Discussions

Title Updated Last By Comments
NC Who do you support for U.S. Senate in North Car... (Oct '10) 4 hr Waco 59,727
christina marie (ratchet) radford Fri hmm. 1
ashley marie gilley (Jun '12) Fri dont judge. 4
James Moore (Jan '14) Fri curious 2
Tony .Conway Duckworth (Feb '08) Fri family. 4
Taylor Jordan and Autumn Jordan I hope u know I... (Apr '13) Sep 17 Teresa Watson HER... 13
The City of Morganton "Picks and Chooses" which... Sep 16 Concerned Citizen 3
•••
•••
•••

Morganton Jobs

•••
•••
•••

Morganton People Search

Addresses and phone numbers for FREE

•••

Morganton News, Events & Info

Click for news, events and info in Morganton
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••