Worried Workers: Bing Group Sold to L&W

DETROIT (myFOXDetroit.com) - Just over a week after Dave Bing won the mayoral election, there's a buzz about town that he's sold his company and that could cost jobs.

Workers just found out last Friday that their last day with The Bing Group would be Nov. 13, and they don't think it's any coincidence this happened after the election and not before.

As Bing celebrated his re-election as Detroit mayor, the automotive supply company he founded in the city was quietly in the process of being sold -- something he hinted at just days before.

"Like any other supplier to the automotive industry, they've had their problems and their issues. We're not big enough, I think, to survive over the long haul," said Bing.

However, Bing had said before the sale could come in 2010, so employees were blind-sided on Friday.

"To get it, you know, the news so quickly was a shock," said Trina Williams.

Worried workers say they were told The Bing Group had been sold to L&W and would now bear the name Oakland Stamping, and that everyone was being let go. Workers may re-apply for their jobs over the next couple of days to work for the new company, but it's not clear how many will be re-hired.

"Everybody got terminated, and (we're) waiting now to see what's going on with the interview we have," said Jacqueline Brewer.

A spokesperson for Mayor Bing told us to call The Bing Group. The president there did not return calls nor did the president of L&W.

As for the workers, they just hope they have a job after this week.

"(We're) all in limbo because we don't know," Brewer said.

The Bing Group says economic circumstances forced the company to evaluate its options, and it will continue to pursue options that are in the best interest of stakeholders.