Knife Industry Not Immune From Downturn

The effects of the current economic downturn continue to spread. The NY Times reports today that all walks of life are being impacted, including folks in the cutlery industry.

And, while some of those individuals being directly impacted include folks being forced to leave the knife industry, others are coming into the industry, as a result of a layoff.

As reported in this story in today’s NY Times, Charles DiGisco, of Randolph, N.J., is one casualty of the downturn who is no longer working in the industry. He lost his job as a vice president for sales and marketing at Master Cutlery, a knife maker. 

On a positive note, as reported on CBS’s 60 Minutes– Mike O’Machearley is now making knives for a living after being laid off from DHL. He is a self-employed knife maker, and as a result of the publicity of the CBS segment (and the knife community) has received dozens of orders.

Life happens- so it is all in how we respond to it that determines our future. 

“Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.” 
                                                                                                    Napoleon Hill

And there is no doubt, our industry and hobby will benefit from all the seeds being planted right now.

Published in: on January 27, 2009 at 8:35 am  Comments (1)  
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One CommentLeave a comment

  1. Being an antique knife guy I`m not much into customs, but I do own a couple of Michael`s knives. He used to set up at the Wilmington NKCA shows and I got to know him the last few years. He is a fine fellow, and is as sincere has he sounds on the 60 minutes clip. He also makes a pretty nice knife.

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