Any insights on MV Canada inspite of trade war tensions and global competitive landscape?
14 replies (most recent on top)
@8bw definitely some restructuring efforts are undergoing in Cami would. I expect some Reshuffle in the top rank and file.
Hopefully the plant stays intact.
@84s seems like no one is getting replaced on-site. What's that tell you
@624 tariffs, lack of new products, increasing manufacturing costs, declining revenues, and trade uncertainty with US are not helping the mv…
MV has been slowly drifting into irrelevance. Declining business. Unstoppable trajectory.
Would not be shocked if moved to US.
Well the MV is a non growing business.
Very little innovation or new product offerings.
@49t this. Remember you voted liberal when Blake gives you your pink slip
You make dated mv equipment. You have been doomed for a decade.
Probably no layoffs per se…natural attrition
No replacements, no external hires. The critical roles, customer facing roles, likely replaced only from within.
@1wf the tariffs arent helping for sure
How will the tariffs affect MV?
@19g sadly, the Cambridge manufacturing location is becoming increasingly irrelevant.
Most other functions can easily be outsourced anywhere or performed remotely.
The MV manufacturing infrastructure will likely move from Cam to the US plant, not the Canadian employees. Glad to be retired!
Don'tcha know? We're all moving to New Berlin
The company will continue to shed the headcount/not replace not directly related to revenue.