Serotta lays off 40% of workforce, planning shutdown

[lemondvictoire]

Did anyone read about the lawsuit that was settled in January over back pay? See: http://saratogaindecline.blogspot.co...ill-cease.html Was hoping it wasn't true but it is.............

[CunegoFan]

Originally Posted by lemondvictoire

Did anyone read about the lawsuit that was settled in January over back pay? See: http://saratogaindecline.blogspot.co...ill-cease.html Was hoping it wasn't true but it is.............

I got a laugh out of this quote:

"Ben Serotta also lived the lifestyle of an international elite cycle maker."

[Skrawny]

“I am terminating you. Your email password has been changed and your building access code has been deleted. You can arrange to get your personal things on Tuesday.”

Such respect.
I had much more vitriol to spew, but I'll leave it there.

-s

[jlwdm]

Originally Posted by CunegoFan

I got a laugh out of this quote:

"Ben Serotta also lived the lifestyle of an international elite cycle maker."

That is a good one.

Jeff

[pbarry]

Originally Posted by lemondvictoire

Did anyone read about the lawsuit that was settled in January over back pay? See: http://saratogaindecline.blogspot.co...ill-cease.html Was hoping it wasn't true but it is.............

https://workspaces.acrobat.com/app.h...0fplyoyf1Qiduw

[jlwdm]

Originally Posted by lemondvictoire

Did anyone read about the lawsuit that was settled in January over back pay? See: http://saratogaindecline.blogspot.co...ill-cease.html Was hoping it wasn't true but it is.............

But what was true? No information.

Jeff

[lemondvictoire]

Originally Posted by jlwdm

But what was true? No information.

Jeff

There was a lawsuit over unpaid wages.........On 01/03/2013 the case was settled and the workers received an undisclosed amount of money in a confidential agreement.

[Keith A]

Originally Posted by Charles M

Just posted by Steve Harad / Honcho of Blue Bicycles...

" Here's hoping we aren't next but it looks like we are. Lets catch up Ben Serotta"...

Damnit...

Where was that posted?

[sitzmark]

Originally Posted by Keith A

Where was that posted?

Steve's FB page. https://www.facebook.com/steven.harad?fref=ts

[pbarry]

beat me to it

[jlwdm]

Originally Posted by lemondvictoire

There was a lawsuit over unpaid wages.........On 01/03/2013 the case was settled and the workers received an undisclosed amount of money in a confidential agreement.

Right, it does not tell me anything.

Separate from the lawsuit, these employees were taking a financial risk in general by working at a small company that had a history of financial problems.

Jeff

[cfox]

Originally Posted by CunegoFan

I got a laugh out of this quote:

"Ben Serotta also lived the lifestyle of an international elite cycle maker."

I'm guessing you laughed because of how stupid it was. I would bet Fausto Pinarello, John Burke and Mike Sinyard all live quite a different lifestyle than Ben Serotta. He bought a nice house when things were good and sold it when things got tough. That quote is nothing more than lame class baiting.

[Keith A]

Originally Posted by sitzmark

Steve's FB page. https://www.facebook.com/steven.harad?fref=ts

Thanks. I must say if the cycling group that just bought my company didn't add it to the list of companies they own...but did update their site with other company they bought...I'd be worried too. Maybe it's just a technical glitch...or maybe not.

[Charles M]

It's worse than that.

That's a glitch on screen (all three companies are listed right now at Divinecycles.com) at this point and kinda incidental.

[yankees1]

Originally Posted by jlwdm

Right, it does not tell me anything.

Separate from the lawsuit, these employees were taking a financial risk in general by working at a small company that had a history of financial problems.

Jeff

These were longtime, loyal, hardworking employees that went above and beyond to help keep the company alive. Unfortunately the employees best interest were not always kept in mind.