The impact of the severe state of the economy is being felt in every industry. Although the long-term business of MBI remains robust and is growing, MBI, like any other company, is required at times to make personnel decisions to maintain production and efficiency. The recent layoff of a small fraction of MBI employees at its Mansfield facility is a result of MBI’s efforts to work with and accommodate the needs of our customers, which are reflected by their own industries, while also remaining successful as a company in our industry. Due to the current economic climate, MBI’s need for domestic production capacity involving the scope of work operated out of the Mansfield facility has diminished. Many of MBI’s projects have not been cancelled, but have been put on hold or temporarily postponed by our customers. In order for MBI to stay successful in our own industry, we must maintain the flexibility required to respond to the market’s dynamic needs.
The plans for MBI’s Shreveport facility are independent of and unaffected by the recent lay-off in Mansfield. It has been MBI’s long stated intent to launch our new product lines in Shreveport, move current overseas jobs to Shreveport which were sent overseas as MBI worked through the lease agreement and issues related thereto, as well as transfer positions from other MBI locations.
MBI remains focused on securing the necessary permits, completing its due diligence in regard to companies and sectors as part of its short-term and long-term strategies, and assessing the scope of work required to upgrade the Shreveport facility. In regard to unfair labor practice allegations asserted by UAW against MBI, MBI is currently in the process of responding to these charges, all of which lack merit.
For additional information please refer to http://www.mbiupdate.blogspot.com/.
Monday, March 9, 2009
Friday, March 6, 2009
3/6/09
Long Term Strategy - Joint Venture – MBI is in the due diligence phase of assessing its long-term strategy with various companies and sectors. Our intent is to maximize the facility in a market that will be sustainable and not a “transaction based” business.
Interim Strategy – MBI is pursuing “transaction based” business that will allow us to get people to work for an interim basis until the long-term strategy is ironed out.
DEQ Permits – The permitting process is estimated to take 10-14 weeks from the date of submission of the application. The application was hand delivered on February 10, 2009.
Facility Upgrades – The scope of work is currently being defined and estimates are being generated to upgrade the facility. The extent of the upgrade is dependant upon the resolution of the Long Term Strategy.
MBI Delays – The impact of the current economic climate is being felt across many industries. MBI is taking this impact into full consideration and plans to begin moving portions of its business to Shreveport at such time as is advisable on all fronts.
Interim Strategy – MBI is pursuing “transaction based” business that will allow us to get people to work for an interim basis until the long-term strategy is ironed out.
DEQ Permits – The permitting process is estimated to take 10-14 weeks from the date of submission of the application. The application was hand delivered on February 10, 2009.
Facility Upgrades – The scope of work is currently being defined and estimates are being generated to upgrade the facility. The extent of the upgrade is dependant upon the resolution of the Long Term Strategy.
MBI Delays – The impact of the current economic climate is being felt across many industries. MBI is taking this impact into full consideration and plans to begin moving portions of its business to Shreveport at such time as is advisable on all fronts.
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