Posted on 01/30/2021 10:23:03 AM PST by Impala64ssa
Edelbrock Group, a Southern California-based manufacturer and distributor of aftermarket auto parts, will soon be shuttering its Torrance headquarters which employs 270 workers.
In a recent notice sent to the state Employment Development Department, the company said employee layoffs would begin Jan. 15 and end March 31. The closure will affect 217 hourly workers and 53 salaried employees.
The Torrance facility includes executive offices as well as sales, advertising and marketing departments. The facility also has a state-of-the-art research and development department, testing facilities and manufacturing operations.
Neva Burke, Edelbrock’s vice president of human resources, didn’t give a reason for the Torrance shutdown in her letter to the EDD, although she said some of the operations will be relocated to the company’s casting foundries in San Jacinto.
She didn’t reveal how many displaced workers, if any, might be shifted to that location. Edelbrock is owned by Evanston, Ill.-based Industrial Opportunity Partners, which also declined to discuss the Torrance closure.
Edelbrock designs, manufactures, distributes and markets a wide range of aftermarket products, including intake manifolds, carburetors, camshafts, cylinder heads, exhaust systems, shock absorbers and other components designed for most domestic V8 and select V6 engines.
Edelbrock’s website lists six company locations, including the headquarters in Torrance, two casting foundries in San Jacinto, a distribution center in Olive Branch, Miss., a carburetor factory in Sanford, N.C. and the Edelbrock Race Center in Mooresville, N.C.
In February 2020, Industrial Opportunity Partners acquired COMP Performance Group, whose automotive brands include COMP Cams, TCI Automotive, FAST, ZEX and Inglese.
the politicians picked them clean
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The simplicity of that statement is actually very powerful.
That’s exactly what politicians do. They pick your pockets. They also create problems and then claim to fix them. With your money again.
He’s just reversing the policies of President Trump which brought jobs back to America because it was so unfair. < / sarcasm>
Another success in the Moonbeam, Goobernator, Moonbeam and Noisome war on California industry and workers.
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Pretty soon ‘California industry’ will become an oxymoron.
Where to find the good gas.
Not one drop of ethanol gas has been near one of my small engines in years. Last time I used it in a small engine it died way before it’s time.
Vic is gone, the V8 ICE is soon to follow, the ability to modify an ICE is becoming limited, so the hand writing is on the wall.......
Ethanol was very common 12 years ago.
Why such a poor design?
I swapped in an electronic distributor in my 65 CJ5.
A real difference.
All-electric NASCAR.
HEAR THE wisssssss, wissssss, ..... wisssss, as the cars go by
A standard business card also works. I use them to set the gap on small engine coils.
All mechanical distributors were a real compromise over ideal ignition function, especially when one’s vehicle’s engine compartment took in a wall of water from an adjacent 18 wheeler hitting a big puddle.
This looks like a preemptive move to avoid the proposed Kalifornia exit tax...imagine the parent company in Illinois having to pay taxes on their GLOBAL net wealth for 10 YEARS after they move...just because one of their subsidiary companies closed up shop in the land of fruits and nuts.
Who in their right mind would do business in this state under those conditions?
“Maybe the new, larger organization recognized that it’s past time to escape Calif. ?”
This could be the reason. OTOH, in my career as a manufacturing consultant, I dealt with many situations like this where the money people acquired an asset from somebody looking to cash out. I can’t think of many that resulted in significantly better organizations or operations. This includes acquisitions by big names like Siemens and Black & Decker.
Just thinking about all my money that went to Edelbrock during the 1950's & 1970's... br> Well spent money...
RIP...
Somewhat like Boeing moving HQ to ChIraq?
Kerry simply said those workers who were struggling need to make “better choices” for newer, greener jobs.
“I put an Edeklrock carb on my 64 12 years ago. Other than having to replace the accelerator pump because the ethanol laden crapgas damages the neoprene plunger over time, still works great.”
Back in the late 60’s I had a 59 vette with an Edelbrock hi-rise manifold topped by 3 deuces. Mechanical linkage, the middle one was a regular 2 barrel and the only one working until about 2/3 throttle. Then the two high jet carbs kicked in and it was goodbye to most street racers. 4.56 gears helped too. 450 lift/ 284 duration solid lifter cam, headers, the usual stuff, dual point distributor, etc.
That is the significance of Biden’s imposition of the $15/hr. minimum wage - it is an attempt to homogenize labor costs and take away advantage that has gone to predominantly red states. The problem for Biden is - that it is not just labor costs that are moving firms out of CA and IL and other deep blue places. In IL it is the staggering cost of the public employee pension system and its underfunding. The only solution to that is to tax anything that moves and everything that is fixed inside the state of IL. Businesses really have to think 2x about locating fixed assets inside of IL, and that is why the Foxconn facility in Wisconsin is just slightly north of the border.
And at some point there is a convergence between rising minimum wages and falling costs of automation that is capable of doing minimum wage work (24x7, no health care costs, no FMLA, no....)
“Somewhat like Boeing moving HQ to ChIraq?”
In spite of multiple Boeing pronouncements on the “why?”, I’ve never been able to arrive at a sensible answer. My experience is in manufacturing/operations rather than HQ/finance so it might be beyond my ability to sort out the trees from the forest.
Wawa gas sells ethanol free gasoline...
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