Skip to main content

Posts

Showing posts with the label insolvency

A Black Swan Of My Very Own!

 One week ago, I, along with all employees of the print division of Brown Industries, was summoned to a meeting. Tensions were high and fear was palpable, as work had been slow for several weeks. Layoffs, it seemed, were to be announced.  If only it were so simple. Speaking through a poorly set up PA system, one of the two CEOs announced that funding that had been sought had fallen through and the company could no longer sustain operating costs. Brown Industries, inventor of the carpet sample industry and economic juggernaut for more than 60 years, would permanently suspend operations.  I was suddenly unemployed.  All were stunned. A short Q&A session took place in which we were reassured this wasn't the fault of labor, this was a failure on the management level. Cold comfort, to say the least. My immediate coworkers and I returned to our desks and began filling boxes with photos and other personal effects. I was reminded of the collapse of Lehman Brothers in 2008 and seeing fo