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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (839)5/29/1998 2:42:00 PM
From: tonto  Read Replies (1) | Respond to of 900
 
FWIW. Post from yahoo thread

F.Y.I. Things at the company are at an all time low. There have been recent lay-offs and many employees are scared that we will not even be open much longer. Many have started to look for other jobs. There are rumors of further lay-offs and other forms of downsizing. Production is extremly slow, we have only been shipping about 50 to 100 chairs a day. In response to an earlier post, we have been building a lot of chairs and putting them in warehouses. There are currently about 5000 to 7000 chairs in warehouses that are just sitting there collecting dust. I will be adding other info about what is going on a regular basis.