BRP shutting down in ILL

[docdoru]

In 2003, Bombardier Inc. sold its Recreational Products Division to a group of investors: Bain Capital (50%), Bombardier Family (35%) and Caisse de Depot & Placements du Quebec (15%).
http://en.wikipedia.org/wiki/Bombardier_Recreational_Products

 

[kyspyder]

I quote from the "GodFather"
"Tom, tell Michael I always liked him, it was only business"
KYSPYDER

 

[pro10is]

Respectfully. What I hear is that not everyone in your company was pulling the same way on the rope to begin with. It happens in all companys.

As far as Bain and BRP. BRP, after having exhausted all efforts to sell off a portion of their company (which would have saved 350 jobs) decided to close it when their attempt to sell failed. They looked three years out on the horizon and only saw it being a drag on their overall business plan. The choice they had was whether or not they would chance compromising 6000 employees to maintain what was 3% of their revenue stream and the employee of 350 folks. Never easy. Just business.

Respectfully, what you should have heard is that it's extremely difficult for an American company that pays decent wages and has good benefits to compete globally with countries that do not.

As far as BRP goes, the Sport Boat division was pulling their weight and the division was in fact profitable. A lot of good people worked very hard to recover sales and profits from the 2008 recession. They were successful. Sales in 2012 were very good to excellent. Despite that BRP, with help from Bain, decided to pull the plug on sport boats and move production of watercraft to Mexico. You can defend that decision all you want but it doesn't sit well with me. With the callous "just business" mentality US workers will continue to suffer greatly. Businesses should show a little backbone and not be so quick to take the easy path of layoffs and outsourcing. Give US workers a chance and they'll prove they can compete. If companies like BRP that rely heavily on US sales continue to take the easy path and lay off US workers, who will be left to buy their products? For the long term it's just bad business.

 

[pro10is]

Not to be cynical but......why were you not doing that to start with??? That way you would not have to bash Bain Capital!!!! I am sorry but i am tired of people bashing others when as you have shown, with a little bit of hard work we all can restore America to her full potential.

I have no agenda to bash Bain Capital. I'll let them stand on their own reputation.

 

[Jeriatric]

For the long term it's just bad business.

Many of us said that nearly fifty years ago when special interest groups, lobbyists, and law makers started changing the way business and manufacturing in this country was done, or, done away with. Sadly, "the long term began back then". Where we find ourselves now is on the loosing end of their vision.

 

[ataDude]

Oh, please. :yikes:

Bain is behind this. That what they do. Company will be out source
what going on with the worker pension.. How much money did Bain take out of the company
i am sure they made a profit out of this move.

 

[waytootall67]

And here I thought it was tough to sell my Seado Jet boat now...guess I will never get to use that side of my garage:banghead: