Steelcase to cut pay benefits

Steelcase will reduce pay for employees and executives, make changes to their retirement programs, and begin laying off workers who had been previously notified. Full Story
First Prev
of 5
Next Last
TheSpokkenWord

Grand Rapids, MI

#1 Feb 2, 2009
They were always too "fat" anyway. Too bad for the people losing their jobs, but it probably is necessary.
LJRR

Holland, MI

#2 Feb 2, 2009
I wonder if the CEO that is mentioned in the article of one of the 'management' that is taking more than the 5% reduction? Or if it doesn't apply to the Board Members? I'd be interested in hearing that....
Fred

Syracuse, NY

#3 Feb 2, 2009
Good for them. They are able to cut costs and thereby save many jobs. If they were dealing with a union this probably could not happen and everyone would be out of a job. Labor unions have destroyed our economy.
Rick

AOL

#4 Feb 2, 2009
I see it being all part of a giant plan for all the factories in the country to hire the Latinos that have come from South America in the last few years and replace the higher paid workers with them. Whenever you see these bigger companies starting to hire again from now on? 75% of the newly hired with be them, I believe.
Isabel

Holland, MI

#5 Feb 2, 2009
Another hit for this economy. Remember when everyone wanted to work for Steelcase? It was a great place to work.
stella

Grandville, MI

#6 Feb 2, 2009
LJRR wrote:
I wonder if the CEO that is mentioned in the article of one of the 'management' that is taking more than the 5% reduction? Or if it doesn't apply to the Board Members? I'd be interested in hearing that....
I heard he is taking 12% cut, then it goes down the line to 10%, 7% and 5%
rrm

Royal Oak, MI

#7 Feb 2, 2009
Seems to me that they are soon going to be a company that's all chiefs & no indians. keep cutting the workforce, but not executives.
WestMIGuy

Grand Rapids, MI

#8 Feb 2, 2009
This is a tough break for us, but it is a good business decision and far better than further RIF's. I applaud Jim Hacket and the board for being able to make this difficult choice.
stella

Grandville, MI

#9 Feb 2, 2009
rrm wrote:
Seems to me that they are soon going to be a company that's all chiefs & no indians. keep cutting the workforce, but not executives.
When no one is buying office furniture, what do you expect. They don't have to build it, if no one is coming to get it.
Fed up

Grand Rapids, MI

#10 Feb 2, 2009
It's about time these company's look out for themselves, especially if they want to survive. A lot of these people are over paid, and don't put out much in working for their money, yet they demand the world!!

Since: Dec 08

United States

#11 Feb 2, 2009
It's about time that companies starting making concessions at the top also. Yes the economy is going to take another hit from those who lose their job and I do feel for them and their families, but just think of the even bigger hit the economy would take if they were not to put these into action. You can say what you want about Steelcase, but this is a good move to keep as many people employed as possible. I do agree that some of the higher up's should be laid off, but we can't ask for miracles here.
Greedy

AOL

#12 Feb 2, 2009
I am just curious to know, Is this the same CEO whom gave himself a "BIG FAT" raise in pay right before the election in Nov 2007??? I am certain he's already padded his pockets, at the expense of his workforce!
Goin round and round with these damn CEO's is getting old! Someone should terminate his "butt" for the greed that is so obvious in today's business world!
Movedoutof Michigan

Alva, FL

#13 Feb 2, 2009
Steelecase is on the way out it looks like.

No one is buying office furniture ,is right!

The good life is the thing of the past for people at steelcase.I dont think Steelcase will make it much longer the way things are going in the(US),world.
Good luck folks and dont forget to turn the lights off.
ERR

New York, NY

#14 Feb 2, 2009
Fed up wrote:
It's about time these company's look out for themselves, especially if they want to survive. A lot of these people are over paid, and don't put out much in working for their money, yet they demand the world!!
who do you think you are to say these workers are over paid? Do you know how much they make? I know people that work there in the factory and not only is it very hard work but it can also be very dangerous!! How would you feel if someone told you, you were over paid and do not put out much in working for their money!!! Think about these peoples familes!!

Since: Jan 09

Ypsilanti, MI

#15 Feb 2, 2009
Movedoutof Michigan wrote:
Steelecase is on the way out it looks like.
Hardly.

The European and Latin American markets are still very profitable. Latin America and the Carribean was the strongest market for Steelcase in 2007 & 2008.

You should read their annual reports before making ignorant comments.
In The Day

United States

#16 Feb 2, 2009
I remember when if you worked at Steelcase you were one lucky person.
I remember when you needed to know someone just to get a application to work there.
Then you needed a recommendation from an employee to have your application make it past the garbage can.

Those were the good old days.
Mark

Grandville, MI

#17 Feb 2, 2009
It's just a sad state of affairs when people on a daily basis worry if their job is on the line, or that of a close friend. It happens too often.

A lot of these people are just trying to make a living. Some cannot move out of Michigan for one reason or another, and are stuck trying to stay above the tide of unemployment.

Be kind to your neighbors. Think about the posts you put on here or other forums. This is somebody's LIFE. Sure maybe the CEO paycut of 12% isn't going to put him or her close to poverty, but those hourly workers who LOST their job, or even some lower salary with the paycut people will feel it.
JMR

Sidney, MI

#18 Feb 2, 2009
ERR wrote:
<quoted text>
who do you think you are to say these workers are over paid? Do you know how much they make? I know people that work there in the factory and not only is it very hard work but it can also be very dangerous!! How would you feel if someone told you, you were over paid and do not put out much in working for their money!!! Think about these peoples familes!!
Sorry, but I agree with Fed up. I do know how much they make! I have seen many people in certain factory jobs that don't break a sweat at what they do. Good example is like the refrigerator company that went out of business. Each person on the line did one thing as the refrigerator went by, stood there another minute for the next one and expected a big salary. People have been spoiled over the last few years at what a days work consists of. I think the unions have helped to create this. Look at the automotive makers. SAME DEAL!!
Jennifer

Kalamazoo, MI

#19 Feb 2, 2009
In The Day wrote:
I remember when if you worked at Steelcase you were one lucky person.
I remember when you needed to know someone just to get a application to work there.
Then you needed a recommendation from an employee to have your application make it past the garbage can.
Those were the good old days.
I'm in my mid thirties, and I remember those days. My Grandfather worked for Steelcase since it was in the Salvation Army Building downtown, to the plants out by the airport, I have one uncle retired, and another that is still there. And back then, it was nepotism at it's best. You did your best not to screw up, because if you did, your family that worked there wasn't going to save your butt, but would ride you about screwing up. It worked for the longest time. But times have changed, now Steelcase is a public company, and yes, businesses are just not purchasing equipment they way they had. And maybe Steelcase quality has bit them in the butt, being too good to need to be replaced constantly! I hope that times can turn around so that this company can last for a long long time, or at least until my last Uncle retires.
PlantClosureVict im

Holland, MI

#20 Feb 2, 2009
Rick wrote:
I see it being all part of a giant plan for all the factories in the country to hire the Latinos that have come from South America in the last few years and replace the higher paid workers with them. Whenever you see these bigger companies starting to hire again from now on? 75% of the newly hired with be them, I believe.
That's the way Request Foods operates. Try and get hired there if your white. It ain't gonna happen. And that's why they're (the workers) all riding around in shiny SUV's.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 5
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.

SCS Discussions

Title Updated Last By Comments
Steelcase setting up manufacturing plant in Pune (May '12) Dec 2 PD_Lape 4
Manpower job fair for Steelcase, Amway contract... (Aug '11) Feb '14 Anon 4
Steelcase: Biodegradable packaging is latest bi... (Apr '11) Jan '14 rafiat 2
Steelcase Chair Recalled (Jan '12) Aug '12 Living Large2 13
Steelcase's Move Past Office Furniture Could Se... (Jun '12) Jun '12 SD Office Furniture 1
Why Steelcase is placing bet on Europe now desp... (Jun '12) Jun '12 SD Office Furniture 1
Wait list growing for treadmill-desk at Aetna's... (Mar '12) Apr '12 canace 2
More from around the web