It's got too much, Christmas will come and go and then it will be 4500 layoffs from Jan to October 2022, the pressures have broken supply chains and raw material prices have made profits recede so much some business's are making losses, Q4 2021 figures will show up to 25% losses, streamlining will commence,
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An eulogy for Mother Mining
Imagine there's no more research labs
It's easy if you try
No layoffs before us
Above us only sky
Imagine all the C suites
Living only for quarterly profits... Aha-ah...
Imagine there's no more research to do
It isn't hard to do
Nothing to cull or downsize for
And no labs, too
Imagine all the managers
Living life in peace... You...
You may say I'm a dreamer
But I'm not the only one
I hope someday you'll join us
And 3M will be number one
Imagine no more innovation
I wonder if you can
No need for inventions or patents
Only a brotherhood of bosses
Imagine all those people
Sharing all the glory... You...
You may say I'm a dreamer
But I'm not the only one
I hope someday you'll join us
And Mother Mining will be number one
"With profound apologies to JL"
it maybe not an official number but im guessing the op wont be far away when the mud hits the fan, whispers in the locker room do say there is a pretty big cull on the way mid year, the vax mandate will be a big issue
It isn’t an official number
Is 4500 an official number or you are guessing?
energy prices will go through the roof in the spring 2022,, up to 50% increases, get the solar panels on the roof, get the wind turbines in the carparks ,get the rainfall irrigated into the toilets and pipework, save save save,, and for the goodness of everything start giving the hard working production staff a decent increase in their wages,, they are the one we need to retain. Are you listening St Paul
And yet they have over a 1000 jobs posted. They are praying for the vaccine mandate so they can fire all unvaxxed without severance. The amount of lawsuit liabilities may just sink this company.
Big surprise ? The main business prior to c19 was for dust protection in industrial. Commodity oriented medical varieties were not historically a big part of the mix
Heard the respirator business margins are being squeezed as well. The more they make, the lesser the GM%