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Blanche
Dud?


Joined: 12 Aug 2008
Posts: 9

Royce Builders in trouble?
PostPosted: Tue Aug 12, 2008 6:27 pm Reply with quoteBack to top

I have heard they are near bankruptcy. Is that true?
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The Merlin
Dud?


Joined: 13 Aug 2008
Posts: 6
Location: under the information strainer

Re: Discussion on Royce Homes
PostPosted: Wed Aug 13, 2008 1:53 am Reply with quoteBack to top

The end is near... No Dirt Sales, Spec Only, Corporate Layoffs as well as salary reductions. Vendors are putting us on hold, We are changing vendors to complete homes, Pulling appliances out of completed inventory to close build jobs. The rumor through the company is that a big announcement is coming Friday the 15th.
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The Merlin
Dud?


Joined: 13 Aug 2008
Posts: 6
Location: under the information strainer

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 3:37 am Reply with quoteBack to top

The pendulum swings fast…If you were to take a secret and put in a box so no one would know, you don’t need to punch holes in the box because it does not need air. Secrets here are stored in strainers as they leak all over the place. Everyone knows the secrets. Friday will see the company trim down to 10-15 key personnel at the corporate office. The Corporate office is said to be moving into the homes off the beltway once used by our central sales team. There are said to be 60 homes that cannot close due to the liens already filed, 20 of these homes are in our best community Westwood Gardens. This was a great company at one time. Part of the problems is the wrong people were put into the wrong places because they were a friend, they did not get there because they were the best person in that area of expertise. Two purchasing managers had never purchased, estimated, or knew the key people at our vendors. That position is critical to any company as that is how you control your costs. The sales manager that was put in place never managed and was an OK sales associate, but was a friend. Wrong people in wrong positions eroding margin and increasing costs…Both the Dallas and Phoenix divisions have been closed.
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Rock
Flash in the pan


Joined: 06 Apr 2008
Posts: 47

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 2:33 pm Reply with quoteBack to top

Merlin,

Did you lose your job with them? Sad
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The Merlin
Dud?


Joined: 13 Aug 2008
Posts: 6
Location: under the information strainer

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 3:00 pm Reply with quoteBack to top

I will let you know by Friday.
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Justin
My head implode


Joined: 17 May 2006
Posts: 493
Location: Atlanta

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 3:48 pm Reply with quoteBack to top

Please post it here -- thanks for all the intelligence!

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Justin @ Justin Owings dot Com @ The Mortgage Lender Implode-O-Meter
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Rock
Flash in the pan


Joined: 06 Apr 2008
Posts: 47

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 7:06 pm Reply with quoteBack to top

Merlin,

do you work in the houston location?
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The Merlin
Dud?


Joined: 13 Aug 2008
Posts: 6
Location: under the information strainer

Re: Discussion on Royce Homes
PostPosted: Thu Aug 14, 2008 8:01 pm Reply with quoteBack to top

I will leave it that I work here
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builderbuilding
Dud?


Joined: 14 Aug 2008
Posts: 6
Location: usa

royce
PostPosted: Thu Aug 14, 2008 8:24 pm Reply with quoteBack to top

good luck to all the royce employees if this is ...but honestly, you'll be better off. wonder who the 10-15 "key" employees will be...
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readed
Dud?


Joined: 14 Aug 2008
Posts: 3

Too much time on your hands.....
PostPosted: Thu Aug 14, 2008 9:32 pm Reply with quoteBack to top

Wow...you should maybe stop posting stupid blogs about hiring friends and find a new job!!
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