Woodmiester
Recess is over
- Joined
- Sep 27, 2001
- Posts
- 8,024
Some say the PG is passive but I beg to say different and while there might be other threads devoted to blasting this or that maybe this is good as place as any to blast and tell it how you see it for those fucking over the United States and anywhere else that's seeing a royal screwing or its people.
Prime Example:
Huffy Corp. will quit paying retiree benefits
By Jason Roberson
Dayton Daily News
MIAMISBURG | Huffy Corp., a 117-year-old bicycle and sporting goods company based in Miamisburg, on Tuesday announced it will quit paying retiree benefits and essentially become a Chinese-owned company.
Huffy Corp. will quit paying retiree benefits.
Huffy, which filed for bankruptcy protection in October 2004, reached an agreement with the Sinosure Group, an agency of the Chinese government that provides export credit insurance to Chinese exporters, including many of Huffy's suppliers.
"We look forward to Huffy's emergence from bankruptcy and its future growth as one of America's leading bicycle brands and as a significant golf supplier," said Zhidong Liang, executive vice president of Sinosure, from Beijing.
The proposed agreement will allow Huffy to emerge from bankruptcy later this year.
In an effort to become a stronger company out of bankruptcy, Huffy is forgoing its obligation to pay pensions to 3,600 retirees and about 130 current employees, said John A. Muskovich, Huffy's chief executive officer.
" ... This was a difficult decision to make and one we made only after considering all possible alternatives," Muskovich said.
The Pension Benefit Guaranty Corp. will assume Huffy's pension responsibilities. Companies in bankruptcy are allowed to stop paying pensions if they can prove to bankruptcy court officials that they would otherwise not be able to survive.
Huffy has been a part of Americana for years and now once again we're being fucked over and as noted some now have to deal with a seperate company to get their pensions and who thinks that somehow it won't be as good and earned as it once was, and being fucked over by a nation that is currently less than friendly to the US.
Why are we taking this shit lying down? With a member base of over half a million the last time I looked and with all of those with their own list of contacts why can't a grassroot effort be made to get stories such as these out so we, the people can make sure to not buy a damn thing fro huffy corp. and anyone else that's fucked over or nation. And those of other nations that's fucked over their people. It's really time to stop the stupid shit and take a stand in the name of the world, not just a single group. I have to wonder how those that claim china as their nation would feel if the US took most of their jobs and brought them here.
Prime Example:
Huffy Corp. will quit paying retiree benefits
By Jason Roberson
Dayton Daily News
MIAMISBURG | Huffy Corp., a 117-year-old bicycle and sporting goods company based in Miamisburg, on Tuesday announced it will quit paying retiree benefits and essentially become a Chinese-owned company.
Huffy Corp. will quit paying retiree benefits.
Huffy, which filed for bankruptcy protection in October 2004, reached an agreement with the Sinosure Group, an agency of the Chinese government that provides export credit insurance to Chinese exporters, including many of Huffy's suppliers.
"We look forward to Huffy's emergence from bankruptcy and its future growth as one of America's leading bicycle brands and as a significant golf supplier," said Zhidong Liang, executive vice president of Sinosure, from Beijing.
The proposed agreement will allow Huffy to emerge from bankruptcy later this year.
In an effort to become a stronger company out of bankruptcy, Huffy is forgoing its obligation to pay pensions to 3,600 retirees and about 130 current employees, said John A. Muskovich, Huffy's chief executive officer.
" ... This was a difficult decision to make and one we made only after considering all possible alternatives," Muskovich said.
The Pension Benefit Guaranty Corp. will assume Huffy's pension responsibilities. Companies in bankruptcy are allowed to stop paying pensions if they can prove to bankruptcy court officials that they would otherwise not be able to survive.
Huffy has been a part of Americana for years and now once again we're being fucked over and as noted some now have to deal with a seperate company to get their pensions and who thinks that somehow it won't be as good and earned as it once was, and being fucked over by a nation that is currently less than friendly to the US.
Why are we taking this shit lying down? With a member base of over half a million the last time I looked and with all of those with their own list of contacts why can't a grassroot effort be made to get stories such as these out so we, the people can make sure to not buy a damn thing fro huffy corp. and anyone else that's fucked over or nation. And those of other nations that's fucked over their people. It's really time to stop the stupid shit and take a stand in the name of the world, not just a single group. I have to wonder how those that claim china as their nation would feel if the US took most of their jobs and brought them here.