Latest news with #Grede
Yahoo
15-05-2025
- Automotive
- Yahoo
Alabama manufacturing plant to end operations after almost 50 years and lay off 200
A nearly 50-year-old manufacturing plant in Alabama will be shutting down its operations in the coming month. Grede LLC, a metal casting company that manufactures automotive, commercial truck, and industrial parts, internally announced to its 220-member workforce in February that their operations at their Brewton, Alabama will be closing. A spokesperson for the company said that their operations in Brewton, which began in 1976, are closing because the facility hasn't been able to match its 'pre-COVID volumes.' All manufacturing operations are expected to end by the year's end, but a spokesperson for Grede said the facility will remain open for storage purposes. More: Justice Department ends investigation into rampant sewage problems in Lowndes County Though employees were notified in February of the company's plans, the WARN notice — postings required by federal law to notify workers before mass layoffs and plant closures — documenting the intent to close is dated April 1, effective May 22, according to the Alabama Department of Commerce. The WARN act requires companies with over 100 employees to post these notices 60 days in advance of action, but this notice predates the closure's intended date by only 52 days. Matt Hladki, chief administrative officer of Grede, said that the company sent the WARN notice related to the impending close of operations to the State of Alabama, Brewton mayor, and United Steelworkers on March 20, which would meet the federal requirements. The company confirmed that workers affected have been offered opportunities to transfer to other sites Grede operates or severance packages if they wish to leave the company. Sarah Clifton covers business for the Montgomery Advertiser. You can reach her at sclifton@ or follow her on X @sarahgclifton. This article originally appeared on Montgomery Advertiser: Alabama manufacturing plant shutters operations after almost 50 years
CNBC
15-05-2025
- Business
- CNBC
SKIMS co-founder is worth $390 million, but she's still careful with her budget: 'I question the price of everything'
Even with a reported net worth of nearly $400 million, SKIMS co-founder Emma Grede still counts pennies. The 42-year-old serial entrepreneur — she co-founded the apparel company Good American as well as natural cleaning product brand Safely — said in a recent appearance on the "Richer Lives by SoFi" podcast that her "very interesting relationship with money" comes from having grown up without much of it. Grede was raised by a single mother in East London, and said that her mom instilled in her the value of meticulously looking after her finances. "She would sit down every weekend and go through her budget meticulously, planning out down to the pint of milk," she said. "Paying attention to what is coming in and what is going out, but also knowing the price of everything." Indeed, Grede said that she has held onto that attention to detail even though her ability to afford the things she wants has grown exponentially. "To this day I literally know the price of everything and I question the price of everything," she said. "It doesn't matter if it's a massive line item in the company or some powder that I got from Erewhon." Remembering what it was like to struggle to make ends meet and "trying to make money any way possible" has made Grede determined to give back. The executive said that while she is extremely ambitious and is always looking to grow her businesses and try new things, she is also focused on how she can help people who grew up like she did. "Thinking so much about where I come from, and how lucky I got, I think about how those opportunities can be extended," she said. "Success becomes much less about me and much more about what else and who else I can affect." In a 2021 conversation with CNBC Make It, Grede said that the "frustration" of not making as much money as she wanted in her first post-college job is what led her to think about starting her own business. "I have a rule: You have to do things that scare you," she explained. "I think that's so important for growth." Early on, there were points in her first venture — entertainment marketing agency ITB Worldwide — when she hired employees who were paid more than she herself was earning. Bringing in the best talent, she said, helped her compensate for the gaps in her own knowledge. "Some people, they'll be like, 'I'm the CEO. I'm the top dog. I should be getting paid the most money,'" she told Make It. "For me, it was never about that. I wanted to win by any means possible." Grede elaborated on this in her conversation with SoFi, saying that part of what has helped her become so successful is her willingness to mess up. Every quarter she writes down the things that have happened, both good and bad, and "digests" her learnings to see how she can improve. "When you're doing a lot, you're going to make a lot of mistakes," she said. "The thing that I worry about the most is not making mistakes, it's inaction."
Yahoo
07-05-2025
- Business
- Yahoo
SKIMS co-founder Emma Grede says work-life balance is employees' responsibility
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways SKIMS co-founder Emma Grede is opening up about work-life balance. In an interview with "Diary of a CEO" podcast host Steven Bartlett, Grede said a healthy work-life balance is for employees "to figure out." The comments arose out of a question from Bartlett asking Grede what questions would be viewed as a "red flag" in an interview setting. This executive's viral post on work-life balance has us slow clapping The example "red flag" question Grede cited was, "So, can you talk to me about work-life balance in this organization?" "I'm leaving, get out!" Grede said, reenacting a dramatic response to the question. "Here's the thing: Work-life balance is your problem, that's yours to figure out," she added. Grede, who in addition to SKIMS also co-founded Good American and Safely, said her disdain for the question is due to the way she runs her own companies, which she says are designed to allow people to live their lives freely. "Because the way we run organizations now is that no one misses dentist appointments or a doctor's appointment or a haircut or their kid's parent-teacher conference ... that's just not how we work anymore, right?" she said. PHOTO: Emma Grede attends Ebony Power 100 Gala 2024, Nov. 17, 2024 in Los Angeles. (Leon Bennett/Getty Image) She continued, "You come in, you have set hours, but there's flexibility within your working life. It's not like 'Oh my goodness, such and such is not at their desk.' That's just not how we work anymore." Grede said for that reason, mention of work-life balance in an interview can cause her serious pause. "When somebody talks to me about their work-life balance in an interview process, I'm like, 'Something is wrong with you. You haven't been able to figure that out. That's not the way you win this interview.'" Work-life balance may be front of mind for some employees, as studies show work stress can have significant impacts on mental health. A 2022 Gallup survey, for instance, showed 4 out of 10 workers in the United States reported that their job had either a somewhat negative or extremely negative impact on their mental health. Good American CEO and co-founder Emma Grede shares her strategies for success Grede's comments have stirred the pot on social media, eliciting responses from both sides of the debate. "Work life balance is fine for the owner to ignore who makes 20x my salary! Massive red flag," wrote one commenter. Another social media user came to Grede's defense, writing, "She's not saying work life balance is bad. She's saying you need to learn how to manage that yourself and if you can't then this isn't the right place for you." ABC News has reached out to Grede for comment. SKIMS co-founder Emma Grede says work-life balance is employees' responsibility originally appeared on
07-05-2025
- Business
SKIMS co-founder Emma Grede says work-life balance is employees' responsibility
SKIMS co-founder Emma Grede is opening up about work-life balance. In an interview with "Diary of a CEO" podcast host Steven Bartlett, Grede said a healthy work-life balance is for employees "to figure out." The comments arose out of a question from Bartlett asking Grede what questions would be viewed as a "red flag" in an interview setting. "I'm leaving, get out!" Grede said, reenacting a dramatic response to the question. "Here's the thing: Work-life balance is your problem, that's yours to figure out," she added. Grede, who in addition to SKIMS also co-founded Good American and Safely, said her disdain for the question is due to the way she runs her own companies, which she says are designed to allow people to live their lives freely. "Because the way we run organizations now is that no one misses dentist appointments or a doctor's appointment or a haircut or their kid's parent-teacher conference ... that's just not how we work anymore, right?" she said. She continued, "You come in, you have set hours, but there's flexibility within your working life. It's not like 'Oh my goodness, such and such is not at their desk.' That's just not how we work anymore." Grede said for that reason, mention of work-life balance in an interview can cause her serious pause. "When somebody talks to me about their work-life balance in an interview process, I'm like, 'Something is wrong with you. You haven't been able to figure that out. That's not the way you win this interview.'" Work-life balance may be front of mind for some employees, as studies show work stress can have significant impacts on mental health. A 2022 Gallup survey, for instance, showed 4 out of 10 workers in the United States reported that their job had either a somewhat negative or extremely negative impact on their mental health. Grede's comments have stirred the pot on social media, eliciting responses from both sides of the debate. "Work life balance is fine for the owner to ignore who makes 20x my salary! Massive red flag," wrote one commenter. Another social media user came to Grede's defense, writing, "She's not saying work life balance is bad. She's saying you need to learn how to manage that yourself and if you can't then this isn't the right place for you."
Miami Herald
06-05-2025
- Business
- Miami Herald
Skims co-founder has a harsh message for employees
Business Skims co-founder has a harsh message for employees Skims, a shapewear brand founded by billionaire socialite Kim Kardashian and entrepreneurs Emma Grede and Jens Grede, has proved over the past few years that it is becoming a major threat in the loungewear and activewear market. In 2023, Skims announced that it had entered a multi-year partnership with the NBA, WNBA, and USA Basketball to become their official underwear partner. Don't miss the move: Subscribe to TheStreet's free daily newsletter In February, the company also announced that it has partnered with Nike to develop NikeSKIMS, a brand that will debut in the spring and sell training apparel, footwear, and accessories for female athletes. Related: Amazon CEO gives hard-nosed message to employees Skims reportedly increased its revenue by 50% year-over-year in 2023, generating $750 million. It is estimated that Skims is valued at around $4 billion. (L-R) Muge Erdirik Dogan, Kim Kardashian, Jens Grede, and Emma Grede pose with the Amazon Innovation Award. Image source:Skims co-founder sounds alarm on a controversial workplace trend As Skims continues to skyrocket, its co-founder, Emma Grede, who is also CEO of Good American, has revealed a controversial key to success. In a recent episode of the podcast "Diary of a CEO," Grede said that a major red flag that she looks out for when interviewing a job candidate is if they ask about work-life balance. She said work-life balance is a "problem" that employees have to figure out on their own. "When somebody talks to me about their work-life balance in an interview process, I'm like, 'something is wrong with you, you haven't been able to figure that out,'" said Grede. "That's not the way you win this interview." She emphasized that employers are not responsible for helping their employees balance work and their personal life. Related: Google sends a harsh message to employees after layoffs "There are certain things that are the employee's responsibility within that, and you figuring out what works for your life, how you're going to pick up your kids, how you get home, how you get to work, these are all things that you need to figure out within the construct of your life," said Grede. "That isn't the employer's job; that isn't the employer's responsibility." Grede also said that a company must be "profitable" in order for employees to have a good work-life balance. "The company has to be in line with, if not beating, its competition," said Grede. "We have to be able to run an efficient business to give people what they need. The two things go hand in hand." She also highlighted that in order for an employee to grow at a company, become extremely successful, and live an "extraordinary life," they have to put in "extraordinary effort," which may include working on weekends. "If we tell everybody that to be really successful, you can do that in a way that is without being 150%, without waking up most days and doing some type of work, without thinking about work a lot, it's just not honest, and it wouldn't connect with what I see and what my experience are of most people that are truly successful," said Grede. Kim Kardashian previously shared a similar point of view Grede's comments come after her business partner, Kim Kardashian, faced backlash in 2022 for stating during an interview with Variety that her best advice for women in business is to "get your f*cking a*s up and work." "It seems like nobody wants to work these days," said Kardashian in the Variety interview. More Labor: Kardashian later apologized for her comments during an interview on "Good Morning America" a few weeks later. "It wasn't a blanket statement towards women or to feel like I don't respect the work or think that they don't work hard. I know that they do," said Kardashian. "It was taken out of context, but I'm really sorry if it was received that way." Since the 2020 Covid-19 pandemic, many Americans across the country have increasingly prioritized work-life balance. According to a 2023 survey by The Muse that questioned 1,600 U.S. workers on their opinions on work-life balance, most of the workers in the survey defined work-life balance as "having the flexibility and autonomy to pivot to personal needs when they arise during a workday or week." Roughly 70% of workers said that work-life balance is the most vital feature in a new job, topping "compensation, learning and growth opportunities, office culture, and perks and benefits." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published May 6, 2025 at 9:47 AM.
