I feel like it’s covid all over again! Except this time it’s the company trying to see how much cr-p they can shove down our throats before we decide enough is enough. We basically have to ask if we can do what needs done to cover the work.
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Typical American company.
Making hourly employees request several layers of approval to work overtime while salary employees are working 7 days/week trying to keep operations afloat after they reduced staff by nearly 50%.
Cut spending, even training related travel costs but they are bringing in summer interns and new hires with zero experience & expecting those working 7 days/week to train them.
It’s sick. I’ve never been this burnt out in my career.
Problem is, we will never get to 20% EBITDA with some of the current practices we employ.
Trucking companies have to be making a fortune with all of the tools going back and forth to OKC!
All good, just remember to get prior approval for overtime so you don’t shut the rig down!
Completely ridiculous…
@69fxG
They aren't buying up anything, just selling things off as fast as they can to cook the books & make it look as if all is well & prop up the stock values.
There's a blood bath taking place in plain sight - all very short term to make the board look good, because they know the game's up.
We all know how this will play out, & it's not looking good.
It’s nice to be out. Unfortunately, Baker has become a poor showing of capitalism and it’s sad. I’m a big believer of Capitalism to its core but when the passion of the company has been hollowed out through political agendas and short term goals.. it’s no longer achieving the intentions of capitalism. There is no true innovation. It’s red tape an incompetence every alley you go down. leadership is full of word salad and slandering malarkey. They use buzz words that prop up potential stock values. There is no accountability at SPB and above, only politics. They use dark magic to make our financial statements look better while committing su----e to our supply chain.
The only thing baker has going for it is that it is a large company in the industry. It can possibly hold out through old IP and processes. Other wise it will have to buy out smaller companies to keep it relevant.
$16,000,000.00
Always remember that all this "purge" is to get the EBIDTA at 20%. Nobody cares if this is feasible or sustainable for the Company in the long run. Needs to be achieved by hook or crook. It's pretty much like cutting your arm to achieve your weight target for the summer: same shortsighted vision.