Lane Ranger 10,946 #1 Posted July 23, 2020 I read this am that Briggs and Stratton Company has filed for bankruptcy in Wisconsin! 2 Share this post Link to post Share on other sites
Achto 27,506 #2 Posted July 23, 2020 Yep, Chapter 11. It's OK though, all of the top executives received a rather large retention bonus in June. So they'll be OK. Share this post Link to post Share on other sites
AMC RULES 37,130 #3 Posted July 23, 2020 Wonder what took them so long. 1 Share this post Link to post Share on other sites
Lane Ranger 10,946 #4 Posted July 23, 2020 They are eliminating retirees medical ! 1 Share this post Link to post Share on other sites
SylvanLakeWH 25,493 #5 Posted July 23, 2020 1 hour ago, Lane Ranger said: They are eliminating retirees medical ! Promises made...Promises not kept... 1 Share this post Link to post Share on other sites
johnnymag3 2,515 #6 Posted July 23, 2020 2 hours ago, AMC RULES said: Wonder what took them so long. Could never match a Kohler.....but they kept a tryin, now they are treating retirees poorly....So sad Share this post Link to post Share on other sites
JoeM 7,871 #7 Posted July 23, 2020 1 hour ago, Lane Ranger said: eliminating retirees medical Yep, had the same thing happen three months in, they said we will not longer be supporting your heath care. And the bankruptcy judge agreed to let them use the money for something else. At the time, 1200 big ones a month. I tell young ones, that ask about retirement, they need to be prepared to be all on their own. And it comes real fast. 1 3 Share this post Link to post Share on other sites
8ntruck 6,991 #8 Posted July 24, 2020 Yup. The company I worked for went chapter 11 twice. The last time around, the pension fund got assigned to the PDGC. Now, I'll get maybe 10% of what I thought I was going to. The top execs got a large retention bonus too. The money spent on those retention bonuses would have gone a long way in financing the pensions. Pulled the rug out from under a lot of retirees. I was fortunate enough that I still had a number of years before retirement, so I could make adjustments. In the corporate world, the only person taking care of you, is you. 1 1 Share this post Link to post Share on other sites
Mickwhitt 4,593 #9 Posted July 24, 2020 This sounds terrible! People have paid into their pension pot and health care to have it stolen when its too late to do anything about it. Shameful way to treat retired workers. But good that the bosses are secure. NOT Share this post Link to post Share on other sites
Pullstart 62,799 #10 Posted July 24, 2020 15 hours ago, Achto said: Yep, Chapter 11. It's OK though, all of the top executives received a rather large retention bonus in June. So they'll be OK. 13 hours ago, Lane Ranger said: They are eliminating retirees medical ! BOOOOOOO! I was running a Vanguard powered trencher last night thinking how good it ran and how smooth it sounds! In all honesty, we as a Predator Repower world didn’t help much by going to the Chinese alternative. Soon, it’ll be the only option. 1 Share this post Link to post Share on other sites
clueless 2,976 #11 Posted July 24, 2020 7 hours ago, Mickwhitt said: This sounds terrible! People have paid into their pension pot and health care to have it stolen when its too late to do anything about it. Shameful way to treat retired workers. But good that the bosses are secure. NOT Capitalism at it's best, I got mine and some of yours. 3 Share this post Link to post Share on other sites
AMC RULES 37,130 #12 Posted July 24, 2020 Thinking, this guy has a clue! 2 Share this post Link to post Share on other sites
C-85 681 #13 Posted August 5, 2020 I'm very sad to see this! I've always liked small B&S engines, they seem to stay running, are very forgiving, even with all kinds of abuse and lack of care! C-85 Share this post Link to post Share on other sites
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