You Heard It Here First

On June 10th in a blog post entitled “The End of Journey?” I alerted readers about rumors of Journey Electrical Technologies, Inc. having financial troubles. Contacts at wholesale houses said large sums of money were allegedly owed suppliers so future deliveries would only be made C.O.D. I spoke to the workers on the job sites. For the most part the workers seemed unconcerned, which didn’t surprise me. I’ve seen this happen before. The workers are always the last to know. They said, “That’s old news” and “our foreman says everything is fine”.

Bounced checks were just “accounting errors”.

Trailers recalled to the shop meant “they’re making repairs”.

Lack of material just meant “everyone has to make due”, etc……

Well apparently everything wasn’t “fine”. Industry insiders say that as many as 200 employees were told Friday that they no longer have a job with Journey.

Remember- you heard it here first.