New President Of The Company - 817 Words

Key Points: †¢ Elizabeth Norton recently purchased Baystate Advanced Fabrication she is New President of the company. †¢ Originally, the company produced sheet metal ducts for the heating and air conditioning industry. †¢ The company evolved into high-tech fabrication by performing advanced fabrications for the automobile and aerospace industries. †¢ 60% of the work is regular contracts for recurring orders; while 40% of the work is special orders and turn around is less than two weeks. †¢ The company’s reputation is very important, concentration on high quality and low defect fabrications. †¢ Time is very important, so there is continuous pressure to deliver both regular contract orders and special orders on time. †¢ Elizabeth held a meeting with the employees and insure them, â€Å"their jobs were safe, and she intends to â€Å"grow the company† by expanding its business.† †¢ Elizabeth existing customers and potential customers and convinced that labor costs have to be lower. †¢ Competitors are quickly catching up to Baystate regarding quality at a much lower cost and due to the cost pressure facing these customers, there’s a possibility they might go to the competitors if Baystate cannot lower its prices. †¢ Production workers get slightly above the industry averages for their job titles, and wages increase every year, in accordance with the cost of living the increase. †¢ Employees’ receive bonuses for each five-year milestone. †¢ The company pays the health care benefits fully. †¢ There isShow MoreRelatedThe Company s New President And Ceo1420 Words   |  6 PagesREPORT- ENDIUS INC. 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