Remember when previous CEO said “We got 99 problems but, money ain’t one”
Current market conditions determined, that was a lie.
3 replies (most recent on top)
It is now obvious that when Sanjay was told to go down this path he said No and Tom gladly stepped in. Their problem us if Samsung doesn't want Fab 8, it doesn't really make sense for any one else.
Sad what the senior leadership team did to this place. From the get go, they ran this place into the ground. There was so much potential... A lot of good people will suffer due to the stupidity of a small group.
Cash is a problem. If they are having to sell plants to cover current operating expenses, this charade isn't going to last long. If they can't convince a buyer to take Malta, I give them until the end of the year before they are firing people again, and probably closing the doors. Rapidly liquidating assets is a sign someone is about to fail on payroll and suppliers payments. Both are cutting your throat.