Posted on 01/29/2009 5:36:20 PM PST by Star Traveler
Thursday, January 29, 2009
OKLAHOMA CITY (AP) — Citing falling demand, a Texas company has said it has closed its Oklahoma City railcar manufacturing plant, resulting in the loss of 250 jobs.
The layoffs affected hourly and administrative employees at Trinity Tank Car Inc., which is owned by Dallas-based Trinity Industries Inc. The company mentioned the job cuts in a business update issued Wednesday.
That update also noted the company has decided to defer an $800 million investment in 10,000 railcars for ethanol industry lessees. Those railcars were scheduled for delivery in 2010 and 2011 to a leasing company operated by Trinity.
(Excerpt) Read more at timesrecordnews.com ...
Obama’s depression!
They mentioned, in the article, something about another Trinity business in Tulsa, the Trinity Structural Towers, which produced towers for wind turbines, closing on January 16 and laying off its 131 workers.
Trinity is a major customer for my company.
Wait until your money becomes worth less. Inflation must start soon. They are just printing money now. China said they are not buying any more of our treasury bills because of that. Although they will demand the interest payments on the ones they hold now. And those interest payments will balloon. Can't blame them.
Asians seem to learn Econimics 101 in kindergarten or pre-school.
What parts do you build for them?
Mostly, we clean and sandblast empty railcars, and transload ‘heels’ for Trinity. Sometimes valve/gasket replacement or other repairs.
So..., I guess this means less work, coming down the pike?
Maybe - the article only discusses the Trinity car *manufacturing*. We do business with other Trinity entities.
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