Thread regarding Emerson Electric Co. layoffs

FY 2020 Emerson announcement

https://www.emerson.com/en-us/news/corporate/emerson-fourth-quarter-and-full-year-2020-results

"Completed 64 consecutive years of increased dividends per share and plan to announce a 2 cent increase for 2021, after today's Board of Directors meeting"

"Initiated $73 million of restructuring and related actions in the quarter, totaling $304 million for the year, continuing aggressive execution of the comprehensive cost reset program to return to record adjusted EBIT margins."

"Due to the delayed recovery in many automation markets, we are increasing restructuring spend within Automation Solutions, resulting in a total company restructuring spend of over $200 million in 2021"

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| 5412 views | | 25 replies (last November 18, 2020) | Reply
Post ID: @OP+17MV2PJT

25 replies (most recent on top)

The hotline is a farce. It’s open secret and yet Emerson allow it to continue.

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Post ID: @dwxu+17MV2PJT

Reporting internally goes nowhere. Take it to the press instead.

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Post ID: @ajlo+17MV2PJT

I disagree with the previous comment. Reporting unethical behaviors of executives will only get you fired. So, the only alternative is to spread it through the grapevine. I am glad that it is now in the open and we all know how unethical and immoral Emerson executives are. If any employees do anything remotely to what executives do, they will be fired in a heartbeat but Emerson executives can do no wrong. So sad for a company that I spent most of my life working for.

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Post ID: @agll+17MV2PJT

RAS OP is above 20%. How many businesses in Emerson has over 20% OP? You losers out there.

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Post ID: @9bjo+17MV2PJT

RAS is one of the best managed business in Emerson, more profitable than many other Emerson businesses. If you are in RAS, you would know. For those not in RAS, no right to comment. Get lost.

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Post ID: @8adx+17MV2PJT

ab...............we’re still laughing. 😂. You wish you were in a senior position. Some of us know better.

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Post ID: @8ogs+17MV2PJT

All of you should show gratitude towards Emerson. Emerson paid for your children’s education, your family’s vacation, your cars.

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Post ID: @8wzk+17MV2PJT

Ab - you have proved all points made by others as correct. Either you’re arrogant or naive, but not humble. You have contributed nothing here and probably contribute nothing on a daily basis but are paid well for no effort. When you point your finger down at everyone, remember there are 4 pointing back at you from your own hand.

Season of gratitude - focusing on your blessings would benefit you well.

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Post ID: @7pmm+17MV2PJT

The one who laughs last laughs best. Go get a life outside Emerson instead of whining.

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Post ID: @7wjy+17MV2PJT

Ab, you’re such a joke. 😂

No one takes you or your comments seriously.

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Post ID: @5goz+17MV2PJT

Of course I am better than you all. I am still in senior position while you all are out or still inside but whining every day. Stop whining. Get a life.

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Post ID: @5ord+17MV2PJT

Rosa, ab sounds like the sore loser. He says it isn’t personal because he feels like he’s better than everyone - probably one of the people being complained about. One of the people in a position he can’t handle because he isn’t smart enough - just the rest of the execs without enough intelligence or insight to help keep Emerson from imploding.

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Post ID: @4bab+17MV2PJT

RAS and Pedro has the distinction of screwing up multiple times with acquisitions while screwing up its base business.

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Post ID: @4dmh+17MV2PJT

It’s an Emerson problem. Zedi is not the only poor acquisition. There are many. Are these companies bad or Emerson does a bad job after acquisition?

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Post ID: @3sdk+17MV2PJT

RAS base business was $200M when Craig was leading it. Now, it is $40M. Pedro smartly spent $140 million acquiring a third tier SCADA company that is struggling to deliver $30M revenue and incurring $10M loss.

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Post ID: @3zjv+17MV2PJT

Oh yeah, I forgot about that great product planning roadmap that Craig developed for the “Shale Boom” so skillfully developed before leaving...

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Post ID: @3jcn+17MV2PJT

You must have a wrong Pedro. The Pedro that is running RAS is destroying RAS. No vision, no direction, clueless. Bought a company for $140 million that loses money in the first year of acquisition and continues to lose money. Base RAS revenues dropped to the lowest level ever.

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Post ID: @2eob+17MV2PJT

Compared to Craig and Neal, Pedro has/is doing an outstanding job!

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Post ID: @2ubv+17MV2PJT

Craig was a good leader but no one respects pedro, not even 10% of RAS employees.

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Post ID: @2olc+17MV2PJT

rosa, you must be one of those sore loser who was fired from RAS. So sorry for you. Stop picking on RAS and move on. Nothing personal.

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Post ID: @2ekc+17MV2PJT

Just accept that you were dead weight, and laid-off. Move on with your lives.

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Post ID: @1jtn+17MV2PJT

RAS will never be fixed. The geriatric inner circle members in Watertown will hang on to their positions until they retire. When it's time for cuts they will just ax the useful people. Meanwhile the useless people like RB, DB and IB (among others) will continue to help this company circle the drain.

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Post ID: @1ssw+17MV2PJT

I can speak about Actuation Technology organization since I know it

They have centralized all functions in a nice headquarter in Crossridge leaving no autonomy to the local organization so all decisions are paralized or incredibly slow since the "big managers" are too far from the local reality and they need a lot of time to be explained the what, the why and the how.

Basically they do not want to take the responsibility of any decision, thay just want to have the job title of VP or Director.

Additionally, they have no eperience in the field, just good powerpoint managers with no idea of how the actuators' business work

The leadership team is incredibly oversized, 25 top managers with the title of VP, Senior Director, Director, for a business below 0.5 mln $ (just to make a benchmark, the legacy Pentair valves & controls leadership team had 12 members to run a business above 2 billion dollars)

But cost cuts will be everywhere except Corssridge.....

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Post ID: @1nfj+17MV2PJT

Will any of that include the corporate cars, golf memberships or the jets?

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Post ID: @lca+17MV2PJT

If anybody wants a laugh, read the Q4 Earnings presentation.

$160mil of the $200mil is restructuring for AutoSol, $30mil for ComRes, and $10m for Corporate. Imagine that.

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Post ID: @ikl+17MV2PJT

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