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Comments (2)
It is honestly disgusting how they frame these mass layoffs as mere 'operational efficiency.' People are losing their livelihoods while the stock price stays propped up. I have heard whispers from a few contacts at the other sites that they are looking at similar headcount reductions to pad the margins before the end of the fiscal year. You are right about the lack of transparency; management treats us like line items on a spreadsheet rather than human beings who have sacrificed years to build that place. Stay alert and keep your resume updated.
I am sorry to hear about what happened at the Grafton site; it is a tough pill to swallow when you see your coworkers get walked out. Unfortunately, this seems to be the new normal for Howmet lately. They have been pushing these 'streamlining' initiatives aggressively to keep investors happy, and usually, that means hitting the ground floor hard. Based on what I have seen in internal memos recently, it is highly unlikely that Grafton will be the only location affected. Expect things to stay volatile for at least the next two quarters.