02-08-2019, 03:22 AM
(01-22-2019, 12:50 PM)rangersfan Wrote: Really not good news for all local employees of the Erwin Hymer Group.
Especially with the impending sale excluding the local organization due to these financial irregularities. Some reports have been saying that prior to the layoff last week over 1000 people were employed locally.
https://kitchener.ctvnews.ca/mobile/seve...-1.4262365
https://kitchener.ctvnews.ca/production-...-1.4273977
"Multiple employees at Erwin Hymer have confirmed that production has stopped at the RV manufacturer in Cambridge.
CTV was told there was a meeting on Tuesday morning at the facility and that employees are no longer allowed to touch the vehicles because they have already been sold."
The acquisition of Erwin Hymer Group (excluding the North American operations, which is primarily Cambridge) closed a week ago. The above comments imply (to me) that EHG owners may have a buyer for the North American operations, including inventory and assets, but that the buyer is not buying the company as a going concern.