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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	7/5/2000 1:04:32 PM
From: Horgad	Read Replies (2) of 436258

I have been seeing numerous signs that the recent "inflation" in fuel prices has not really hit the consumer yet. It seems that many companies are eating the additional costs instead of raising prices. For example, trucking companies are imposing cost saving measures instead of raising shipping rates (see below article). Also my wife heard on the news that local water bottling companies were currently eating the increased cost of the bottles and trucking the stuff around. So the consumer may only be getting hit at the gas pump so far. I wonder what will happen to the economy as they start to get hit everywhere else as well. Anybody else seeing similar stuff? starnews.com High gas prices blamed for plant layoffs Associated Press July 3, 2000 MONON, Ind. -- At least 100 HPA Monon Corp. employees have been laid off by the White County truck-trailer manufacturer due to sluggish demand blamed on high gasoline prices. Union officials said up to 400 workers have received pink slips. An industry wide slump forced the layoffs Friday at the 1,100-employee plant, said Larry Thomas, chief operating officer. He declined to specify the exact number of employees laid off. "Every other company is making significant adjustments," Thomas said. He said freight haulers have held off buying new trailers because they are struggling with high gas prices and recent interest rate hikes. HPA Monon employees are represented by Carpenters Local 2323. Union president Stan Bryant said Friday he's received many calls about the layoffs, many from workers worried the plant will shut down. The layoffs, which only affect the company's dry freight van trailer division, are the first since the plant was reopened by an investment group three years ago. The layoffs begin July 10, when employees return after the weeklong plant shutdown that began Friday. HPA Monon was formed in 1997 after a group of investors paid $14.5 million to purchase the bankrupt Monon Corp. Within a year, the new company employed 850 people, making it White County's largest employer.

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