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Old 12-21-2015, 01:54 PM   #1
Wankel
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JR Layoffs

JR Layoffs

Went by the Selma store yesterday.
Parking lot had maybe ten cars in it.
Store interior was a mostly empty wreck.
Humidor was intact, just me and another customer inside and staff seemed pretty detached.
Well-stocked cigarette counters set up just outside the humidor doors. Ditto the detached staff
The rest of the place had a few stacks of t-shirts in odd colors/sizes and stuff like tin signs and bargain books that I guess nobody wants.
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Old 12-21-2015, 02:00 PM   #2
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Thanks for the news. Walt. Sorry to learn of this though. Sounds like all that's left of Lew's company is a greatly diminished operation.
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Old 12-21-2015, 02:28 PM   #3
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Only an MBA or a lawyer thinks lts a good idea to fire people close to Christmas. Bunch of people who need coal in their stockings this year.
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Old 12-21-2015, 04:33 PM   #4
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I know that things change over time but whew...
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Old 12-21-2015, 05:45 PM   #5
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The way they have ruined the industry leader is so few years is astonishing. They could write college business studies on how to ruin a company.
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Old 12-22-2015, 06:40 AM   #6
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Who owns JRs now?
When did Lew sell the company?
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Old 12-22-2015, 06:47 AM   #7
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Altadis S. A. acquired controlling interest in 2003 I think.
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Old 12-22-2015, 06:50 AM   #8
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Transition has been going on about 8 years with Lews final exit about 5 years ago. As gumby said, its almost a case study of how mostMBAs don't know their assholes from left center field. I thought the story of Packard merging with Studebaker without reading the books was the ultimate corporate suicide. Apparently I was mistaken.
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Old 12-22-2015, 06:54 AM   #9
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With all the governmental intrusion into the tobacco business I don't fault Lew for gettin' while the gettin' was good.
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Old 12-22-2015, 06:55 AM   #10
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I'm not the person to do this, but do we have someone who could write us a strong feature story on this?
I'm willing to bet that they're still making money, but it would be an interesting exposé.
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