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Winenot

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Reply with quote  #1 
A number of TMs were "laid-off" today. They were told to be on a conference call, and were informed that their services were no longer needed. Some of these reps were good, hard working, tenured individuals. Also, everyone in National Sales was let go. They were aledgedly offered a severance package based on their years with the company. These are permanent layoffs not furloughs. What a really sad way to treat your good employees.
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formerdsr

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Reply with quote  #2 
Which division? US Foods wants to get rid of the long term TMs. They want a bunch of "kids" that will be happy with what little they get paid.
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Winenot

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Reply with quote  #3 
Lexington SC
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Spilt_milk

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Reply with quote  #4 
Its nation wide.  SC, NC and PENN are all confirmed, and today in my area as well out west.  New TMs and Tenured old folk like formerdsr who are bitter about change and talk like they know what’s going on, but in reality he has no fuckin clue.
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Mustard

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Reply with quote  #5 
All of National Sales wasn't let go.  All AM's across the country, due to a new model they're coming up with.  Also, some AE's were let go
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Winenot

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Reply with quote  #6 
Sorry MUSTARD, I did not clarify that - but I was referring to the AMs & AEs.
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Investigator

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Reply with quote  #7 
Without the massive consolidation of distribution there could be no mass layoff. And without the massive consolidation
of food production into the hands of a few Swiss/Anglo corporations there wouldn't be this great risk of a food shortage. Perhaps an intentional food shortage.

Most of the foodservice operatives I know in the industry went along with the whole shebang starting many years ago and cheered it throughout. Now reality is beginning to strike with a vengeance. 


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Ole Foodie

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Reply with quote  #8 
This is a sad week for US Foods. Multiple people will be released with no place to go.
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food guy

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Reply with quote  #9 
39 folks gone In Metro NYC
28 good people gone in Philly.

The rest of the sales force can expect pay cuts soon. No way  will KKR allow any of these people to make money they have been getting for years

The attitude will be take it or leave. Problem is there is no where to go.

The blood bath is not over, inside folks are next.

This is what happens when KKR revisits. It cost you jobs! They want cuts asap. They want 7% interest on the money and stock. Pietro had to sell USF people out to get out of this hole.

Hopefully KKR unloads him next now that they are on the board.
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Ole Foodie

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Reply with quote  #10 
The heads will continue to roll! KKR didn’t invest 500MM to stand by and watch things happen! They will have a lot of control over the company! The last time KKR had an interest in US Food, they left with fat pocketbooks!! That’s what they do! No secret there!!
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tread

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Reply with quote  #11 
Best way for USF to conserve money = lay off Pietro.
Non essential position.

As Chairman and Chief Executive Officer at US FOODS HOLDING CORP, Pietro Satriano made $8,607,146 in total compensation. Of this total $1,035,753 was received as a salary, $1,083,463 was received as a bonus, $3,180,380 was received in stock options, $3,277,450 was awarded as stock and $30,100 came from other types of compensation.
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I AM A KOOK

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Reply with quote  #12 
Any word from Southern California.....La Mirada, Corona, San Diego.  
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KOOK
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shrimpmoney

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Reply with quote  #13 

Really unfortunate to hear. I had a conversation with a USF driver a week before everything shut down, and he said it’s really going to hit them hard in Columbus, OH, because the Ohio State University was their largest customer. 


He worked for Sysco five years prior, but said it’s much better at USF because as long as he comes back with an empty truck, his boss is happy. 

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Stocky man

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Reply with quote  #14 
Any word on the Southern divisions?
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broadliner

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Reply with quote  #15 
Pare down Rosemont to the bare minimum. Eliminate Zone and Regional Presidents. Get rid of "hub and spoke" management. Let each Division have more autonomy to compete in their markets. 

Eliminate many of the Vice President positions. How many Vice Presidents are there? 15? 20? 30? VP of Scoop? VP of No Individuality? VP of We Don't Care How You Used to Sell?

Quote:
Originally Posted by tread
Best way for USF to conserve money = lay off Pietro.
Non essential position.

As Chairman and Chief Executive Officer at US FOODS HOLDING CORP, Pietro Satriano made $8,607,146 in total compensation. Of this total $1,035,753 was received as a salary, $1,083,463 was received as a bonus, $3,180,380 was received in stock options, $3,277,450 was awarded as stock and $30,100 came from other types of compensation.
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broadliner

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Reply with quote  #16 
They'll probably ship everything from La Mirada.

Quote:
Originally Posted by I AM A KOOK
Any word from Southern California.....La Mirada, Corona, San Diego.  
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