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The Water Cooler
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Yellow trucking company shuts down
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<blockquote data-quote="1shott" data-source="post: 4085240" data-attributes="member: 29"><p>My former employer was once at the top of its game, solo cup. I was there for 23 years. </p><p></p><p>Then things started to change, they bought their largest competitor, borrowed a lot of money to do it, failed to pay back the loan, the investors took over, started shutting things down and selling assets. </p><p></p><p>Next thing you know one day they cant make payroll. Payroll was finally met later that day but it was a eye opener. </p><p></p><p>Then Solo was bought out, now owned by Dart container. </p><p></p><p>They had a large layoff earlier this year, talks of more layoffs. One production area of the plant has been closed and the machinery shipped off.</p></blockquote><p></p>
[QUOTE="1shott, post: 4085240, member: 29"] My former employer was once at the top of its game, solo cup. I was there for 23 years. Then things started to change, they bought their largest competitor, borrowed a lot of money to do it, failed to pay back the loan, the investors took over, started shutting things down and selling assets. Next thing you know one day they cant make payroll. Payroll was finally met later that day but it was a eye opener. Then Solo was bought out, now owned by Dart container. They had a large layoff earlier this year, talks of more layoffs. One production area of the plant has been closed and the machinery shipped off. [/QUOTE]
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