Re: Crane Cams TO REOPEN
 

You are the lucky one. They haven't paid some of us for two years.

Re: Crane Cams TO REOPEN
 

lucky isn't even the word...I'm stuck for over $5k from last year...and they sure aren't the only one...I'm guessing I don't have to tell you who the others are...

Re: Crane Cams TO REOPEN
 

do tell Dan, so that way the rest of us know who NOT to buy from, so we don't get "stuck" too as you so eloquently put it.

Re: Crane Cams TO REOPEN
 

I think that Crane will be concentrating keeping the company up and running and unfortunately we will not be a high priority for the company, but at least they will be back in business.

I don't want to lessen the impact on racers but think of the 280 people that got their jobs back, that's 280 families that once again have a future.

Jim

Re: Crane Cams TO REOPEN
 

Jim I agree with you , I know Dan has a much bigger stake in this then the rest of us Because that is how he feeds his family . Crane owes us about 400.00 bucks from last year , which i don`t think we will ever see . But it will take some of the sting out , Knowing some 200 people will be getting a paycheck again

Re: Crane Cams TO REOPEN
 

Dont know if its true but I heard that Edelbrock laid off 50% of its work force & Holley filed for bancruptsy

Re: Crane Cams TO REOPEN
 

Jim: I didn't read anywhere that they were calling the employees back to work, only that they were let go. Most of the time In my experiance, when company does a restructuring deal like this one, they stay closed just long enopugh to not have to re-hire any old employees, or pay any prior debt. So when they re-structure and re-open they basicly start fresh, and are open to hire lower paid empolyees to help enhance thier bottom line in the future. Now I am not saying that this is whay Crane is doing, I dont work for them and dont know what they are planning, I am just stating that im my experiance this is the norm. I have bought and sold companies before, and this is a standard parctice when buying a struggling company.

So there is no guarantee that these poor 280 loyal employees will get thier jobs back, when they re-open thay may only hire 1/2 as many back, and may all be new employees. I have learned a long time ago, there is no more company loyalty. The days of working in the same job for your 25+ years getting your retirement and retireing anre very few and far in between.

Re: Crane Cams TO REOPEN
 

They still owe me $500 from last year! As long as I don't get that money......I don't buy another product from Crane! In fact, I'm in the process of replacing everything that is Crane on my car!!

Re: Crane Cams TO REOPEN
 

Freddie you might be right I was assuming that they were going back to business as usual since I had'nt heard about any restructuring plans being formed.

With this economy I know we are going to see more of this.

Jim