Another good company bites the dust! It greatly saddened me to learn of the recent layoffs and planned further layoffs at Coperion Corp. and the decision to end production in the United States.
As Werner & Pfleiderer Corp., the company was profitable every year from the 1970s when it opened. W&P held the No. 1 market share for decades and certainly acquired an excellent reputation as a manufacturer of compounding extruders. It weathered the ups and downs in its market and managed to stay in the black, while being a very decent place to work for 300 people. Employee turnover was quite low and the management was quite “human.”
Perhaps that particular business style just doesn't work any more. Since being acquired by Krupp and subsequently forming Coperion and ultimately being turned over to a financial group, the slide was unstoppable. I feel fortunate to have worked at W&P for almost 10 years, but more fortunate to have left before the great decline. I can't help but wonder — if the company had remained W&P, would it have weathered the bad markets of the last three years as it had done in the past?
My sympathies to all those capable people who are losing their jobs. I can only hope that some of the many compounding extruder manufacturers will be smart enough to pick up those experienced W&P personnel.
Boyton Beach, Fla.