If you look at NACCO's history, they reorganize every 3 years plus or minus. Their share has gone down from where it was in the late 90's and early 2000's. They keep trying to change their downward spiral by changing the mid level managers and some select senior managers however their real problems lie at the top. If you look at the positions that have been consistent in their market share erosion you will see that senior management of the lift truck organization has not changed. Recently they did hire a couple of senior managers from one of their competitors however the people above them who are the same ones responsible for the company's decline are the same. I would be surprised if the results change on a consistent basis without changes at the very top level positions.
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