WALBAR ENGINE COMPONENTS
“ All of our growth focus is on aerospace components so the expansion allows us to create space for these in our original 70,000 square foot facility ”
114
— Timothy Grein President and CEO , Walbar Engine Components
needed to understand that Walbar acts as a direct extension to our customers ’ assembly lines so on-time delivery is vital . We committed to the empl- oyees that we would make no changes for short term benefits if they would compromise these three Key Principles .”
With these principles establishing some basic ground rules , Mr . Grein openly shared information about the company ’ s recent financial performance , preceding Cornerstone ’ s acquisition . The company had recorded significant losses and declining sales for the previous four years . “ But then , I went on to explain why I remained optimistic about being able to fix things as a team . If we focused on three simple things , we would quickly return to profitability : ( 1 ) operational expense control , ( 2 ) improvements in
NOVEMBER 2018