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Post by eddyk82 on Nov 9, 2009 5:28:48 GMT -5
Heisted from JAYSKI... This is sad to say the least. My feelings all along in this venture is to bring some RPM engine guys along in the deal as I'm sorry to say they seem to at times build better engines then the Yates guys. But thats just IMO. jayski.com/cupnews.htm#news44monRPM Engine shop to shut down: What's left of the original Evernham Motorsports engine shop is expected to shut down on Monday, according to multiple sources. Richard Petty Motorsports will retain the necessary personnel to complete the final two races of the season when engine duties will revert to Roush Yates engines with the move to Ford. With the merger of RPM and Yates Racing, the Petty crew chiefs were told that each team would be able to keep 17 crewmen per team. The overall reduction for the organization is expected to be 200 of 250 employees once the deal is complete.(FoxSports)(11-9-2009) |
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Post by visioncasters on Nov 9, 2009 7:58:02 GMT -5
If RPM is loosing 200 employees, retaining 50, makes you wonder how many Roush Yates employees are keeping thier jobs. The merger appears to be more of a take over of RPM, guess we will find out soon. I hate it for the folks loosing thier jobs, good luck to all of them in finding employment elsewhere.
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Post by songsmith1950 on Nov 9, 2009 8:33:05 GMT -5
Prayers for all those losing jobs. Shame too because our engine guys did seem to have it together pretty well.
But mostly prayers and energy to those families who will soon be living small.
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Post by ricklou on Nov 9, 2009 8:56:47 GMT -5
Those people are too good to be out of work for long.
Things have changed alot in the last two years.
I am wondering what will become of the Petty families involvement in Nascar several years from now.
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Post by songsmith1950 on Nov 9, 2009 9:06:50 GMT -5
I also wonder about that. When Richard retires or passes what Petty will be left in the group? It surely doesn't seem that Kyle will be there at all nor will any of the others. It is a sad thing, or it will be. For now I just choose to be happy that Richard can have good cars again. Next year hoping for GREAT cars. Notice the plural.
But yes, that is sad.
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Post by pmossberg on Nov 9, 2009 9:43:41 GMT -5
As we've read here before, Roush Yates builds the engines for ALL the Ford teams.
While sad, this news was pretty easy to predict.
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Post by chilipepper on Nov 9, 2009 10:51:39 GMT -5
Predictable yes but sad none the less........
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Post by visioncasters on Nov 9, 2009 12:17:35 GMT -5
Yes this was predictable and expected for the engine shop, but the statement that only 50 of the overall RPM employess will be retained tends to make one think that the "merger" with Yates could be seen as more of a Roush Yates take over of RPM.
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Post by donmoos on Nov 9, 2009 12:17:51 GMT -5
What the article is not saying is how many are seasonal layoffs and how many are permanent.
Running a 3 car team with only 50 personell seems light during a racing season. PE had 110+ for 2 cars.
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Post by chilipepper on Nov 9, 2009 12:23:39 GMT -5
I'm not looking forward to the day after Homestead. It was a traumatic few days and weeks last year and it left me just heart sick. I don't look forward to a repeat of that this year.......
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Post by emtsmith on Nov 9, 2009 13:41:07 GMT -5
IMO i don't think that anybody is taking over RPM. RPM is just doing what they have too to stay in business, with all this talk of layoffs and such it is a sad thing especially this time of year, but heck maybe once this Yates deal is done and with Roush losing a team that maybe they are going to pick up some good people from these other teams. RP did say before the race that RPM was still looking to be a four car team next year.Again just my thoughts.
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Post by donmoos on Nov 9, 2009 14:15:43 GMT -5
I would hope we all learn from the last couple of years.
I for one would rather see RPM layoff 200 people today and survive than try and keep 200 employees and go under middle of next year.
They are trying to stay a financially stable team. Debt gets you no where fast.
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Post by ricklou on Nov 9, 2009 16:51:03 GMT -5
The content of Jayski's thread may have not written correctly.
Regardless, if Gillett releases the core of his entire racing operation it will be bad karma to let go loyal employees that have been getting it done.
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Post by donmoos on Nov 9, 2009 17:26:38 GMT -5
This brings up an interesting conundrum, Is it better to sacrifice part of something to save it or to let it dye keeping in together.
We have become so desensitized to reality in some respects. So many in society think that business is a endless source of money. And not to worry if business should run out then the Government is an endless source.
Employees get paid to provide a service, when they no longer provide the service they cease to get paid. Unless you are in a position where you are entitled to a residual income for your efforts, that is where it ends.
When Employees take on the Risk of paying for Employer Losses then Employees can change there expectations.
Just becuase you worked for XYZ company for 10 years making the excellant Widget Master 2000. The company has no obligation to continue paying you another 10 years to produce the Widget Master 2000 when it is no longer being purchased.
NASCAR teams sell sponsorship and the opportunity to win purses and prize money. Emplyees helping the race team this year to make that money are not entitled to be compensated the following year if sponsorships dollars and purses do not allow for the team to cover the costs.
RPM has already kept employees during the 2009 season with out full sponsorship. How many more years do you expect that to go on?
For anyone who thinks RPM is obligated to keep the entire workforce regardless of it's ability to pay, then consider paying them out our your pockets. If it's ok for Richard or Gillette to deplete their entire net worth to guarentee 200 people their jobs then Fans should be required to deplete theirs as well.
And to cut of the well They GOT rich of the backs of the laborers, one thing you can take to the bank. Richard and Gillette have paid considerably more to OTHERS in their ventures then they ever kept for themselves. A simple rule of thumb in business is 10% net profit that means everone else gets 90% of funding generated and the owner gets 10% of which the Government then steps up an takes a chunk out of as well.
While it is definately an unpleaseant thought to see these individual laid off, and I do feel compasion for them. There are no guarentees in life. We need to quit deluding ourselves that every one needs to have everything provided them. That is the true root of socialism.............. it starts with I am ENTITLED TO. In America our constitutions provides for equal OPPORTUNITY TO PURSUE.........Pursue not GET.
Sorry for the lengthy Tirade.
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Post by ricklou on Nov 9, 2009 18:06:53 GMT -5
Your point is well taken Don as all of use sign the dotted line with a private employer giving them the right to terminate employment at will.
But if it is true that almost the entire team is getting wiped out for sake of having FORD I am not down with it. If anyything this relfects the state of our economy among other things.
RPM probably could not would cut a deal with FORD, DODGE, Toyota or Chevy to gain the technology and support to build their own engines. It makes sense to take Yates group because it gives the a turnkey engine program when the other options would not be there.
Unfortunately the tech involved with engines in recent years requires some kind of relationship or contract with a manufacturer or supplier. Concerning RPM their employess have been getting it done but it is not meant to be.
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I have Richard petty cars 1/18 1/24 scales! Etc...
